Revolut to remove USDT from its platform by August 31
DeFi & Yields ·
The fintech app will stop supporting Tether's stablecoin, with purchases already cut off from July 6, citing regulatory and risk concerns.
Revolut plans to delist USDT in August, according to a report. The removal is set for August 31, with the ability to buy the token ending earlier, on July 6, giving users a window to hold or offload existing balances before the cutoff.
The move is tied to compliance with Europe's Markets in Crypto-Assets framework, known as MiCA, which governs how stablecoins can be issued and distributed within the bloc. Corroborating accounts of the decision point to regulatory pressure around stablecoin compliance in Europe as the driving factor, rather than a platform-specific dispute with Tether.
The delisting affects one of the most widely used stablecoins in crypto markets, and its removal from a mainstream fintech app signals how MiCA's requirements are reshaping which tokens remain accessible to retail users in the region. Coverage of the story has circulated across crypto and blockchain news outlets, including a mention on wublockchain.xyz, reflecting attention beyond a single publication.
Not yet detailed is how Revolut will handle user balances that remain in USDT after the August 31 deadline, or whether the company will offer conversion into an alternative stablecoin. It also remains unclear whether other exchanges or fintech platforms operating under MiCA will follow with similar restrictions on USDT, or whether Tether will pursue changes to bring the token into compliance with the regulation. Further reporting from outlets such as Cointelegraph may clarify these points as the deadline approaches.