Revolut to Remove USDT Access for Users Starting Sept. 1
Revolut will delist Tether's USDT stablecoin after Aug. 31, automatically converting any remaining holdings to users' base currency.
Revolut, one of Europe's largest digital banking platforms, has begun notifying customers that it will remove support for USDT — the world's largest stablecoin by market cap — effective after August 31, citing regulatory and risk concerns as the driving forces behind the decision.
Users who still hold USDT balances on the platform past the deadline will have their positions automatically converted into their account's base currency, meaning customers will not need to manually liquidate their holdings but will lose access to the stablecoin going forward.
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The move reflects growing pressure on crypto platforms operating in Europe to align with evolving regulatory frameworks. The EU's Markets in Crypto-Assets regulation, known as MiCA, has introduced stricter compliance requirements for stablecoin issuers and the exchanges that list them — a landscape that has pushed several platforms to reconsider which assets they offer.
Tether's USDT has faced recurring scrutiny from European regulators due to questions about reserve transparency and compliance with the bloc's new rules. Revolut's decision signals that fintech firms with banking licenses may take a more conservative approach to stablecoin listings than pure-play crypto exchanges, prioritizing regulatory standing over product breadth.
The delisting underscores a broader industry reckoning over which stablecoins can survive in tightly regulated markets, and it raises questions about whether Tether will move to satisfy European compliance demands before similar restrictions spread further. Continue reading at Cointelegraph.
