Revolut Gives $USDT the Boot in Europe, Tether Now Has Until August 2026 to Say Auf Wiedersehen 🇪🇺

Revolut, the London-headquartered fintech company, will delist Tether's $USDT stablecoin for users in the European Economic Area, citing regulatory changes tied to the European Union's Markets in Crypto-Assets (MiCA) framework. The company notified customers by email, stating, "We're delisting USDT from our crypto offering," and warning that "From 31 August 2026 12:00 PM GMT, you'll no longer be able to hold USDT in your Revolut account."

The wind-down will proceed in stages. Customers can continue purchasing $USDT through July 6, 2026. Beginning July 30, 2026, Revolut will stop accepting new $USDT deposits. Users will retain the ability to sell their holdings or transfer tokens to supported external crypto wallets until the August 31, 2026 cutoff. The company urged customers to "Review your holdings before 31 August 2026 12:00 PM GMT."

Under Revolut's stated policy, any $USDT remaining in user accounts after the deadline will be converted into the base fiat currency linked to the account. The delisting applies to $USDT holdings on Revolut's platform within the EEA, where MiCA's requirements for crypto-asset issuers and service providers have reshaped which tokens can be offered to retail and professional clients.

Tether's $USDT, the largest stablecoin by circulating supply, has faced increased regulatory scrutiny in Europe as issuers of euro-denominated and dollar-denominated stablecoins have moved to comply with MiCA's authorization and reserve disclosure rules. The decision by Revolut, one of Europe's largest digital banks with more than 50 million customers globally, removes $USDT from the menu of crypto assets available to its EEA user base while leaving other listed tokens unaffected by the current notice.

Revolut has not indicated that the $USDT delisting extends beyond the EEA, and the email did not specify alternative stablecoins being added or removed. The company separately continues to offer other digital assets through its crypto trading product, which is operated under its regulated entity structure in the region.