Revolut To Drop USDT In August Over Regulatory Concerns

Revolut, the UK-based digital banking platform, has told some customers it will delist Tether’s USDT stablecoin by the end of August, citing regulatory and risk considerations.

Delisting Timeline Laid Out

According to a customer notice, users will no longer be able to purchase USDT starting July 6, with full delisting set for August 31. Any USDT holdings remaining after that date will be automatically converted into the user’s base currency at the prevailing exchange rate. Incoming USDT deposits will stop being accepted after July 30, with transfers rejected after that point. Revolut has not said whether the change applies worldwide or only in certain regions, and has not specified which regulations prompted the move.

Part Of A Broader European Pattern

The decision follows a trend among fintech and exchange platforms adjusting stablecoin access under Europe’s Markets in Crypto Assets framework, known as MiCA. Coinbase began removing USDT in Europe back in 2024 for similar reasons. Revolut received a MiCA license as a crypto asset service provider from Cyprus’s securities regulator in November 2025.

Tether Has Resisted MiCA Compliance

Tether has declined to comply with MiCA requirements, which include holding a portion of reserves with EU credit institutions for certain stablecoin issuers. The company’s CEO, Paolo Ardoino, has criticized the regulation as poorly designed, arguing it wasn’t well thought through. As a result, USDT has been gradually removed by crypto service providers across Europe since late 2024.

Despite the regulatory pushback, USDT remains the third-largest cryptocurrency by market value at $184 billion, trailing only Bitcoin and Ether. Its main rival, Circle’s USDC, holds a $73 billion market cap and ranks fifth overall.