Revolut to Withdraw Support for Tether (USDT) Amid New European Regulations
The financial landscape in Europe is undergoing significant changes as Revolut, a prominent fintech platform, has announced its decision to discontinue support for the Tether (USDT) stablecoin. This withdrawal will take effect on August 31, 2026, as reported recently.
According to a post by Wu Blockchain on social media, Revolut has reached out to its users through app notifications and emails regarding this decision. Notably, while the delisting is imminent, users will have the opportunity to purchase USDT until July 6, giving them a limited timeframe to act.
Milestones in the Transition
Revolut's plan involves a phased approach towards the complete delisting of USDT:
- July 6, 2026: Last day for users to purchase Tether (USDT).
- July 30, 2026: New deposits of USDT will no longer be accepted.
- August 31, 2026: Users can sell or withdraw existing USDT to external wallets. Any remaining balances will be converted to fiat currency at the current exchange rate.
This decision by Revolut is closely tied to the Markets in Crypto-Assets (MiCA) regulation, which became fully operational on June 30, 2026. Under this regulation, Tether will face restrictions within the European Economic Area as it failed to secure the necessary e-money authorizations.
A Shift in the Crypto Market
The implementation of the MiCA regulation marks a pivotal moment for the cryptocurrency market in Europe. Firms operating within the sector must now hold appropriate licenses to continue serving customers across the EU, forcing many exchanges to reevaluate their offerings.
As a result, the delisting of USDT by major platforms like Revolut reflects a broader trend among crypto services to comply with the new legal frameworks, establishing a healthier regulatory environment in the region.
