Revolut, a UK-based cryptocurrency-friendly digital banking platform, has notified some users that it will delist the Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns.
In a notice to customers on Friday, seen by Cointelegraph, Revolut said that as of July 6, users will no longer be able to purchase USDT, with a full delisting scheduled for August 31, 2026.
If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings to the user’s base currency at the daily exchange rate, the company said.
USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected, it said.
The move highlights how major fintech companies are adapting access to stablecoins in response to changing regulatory frameworks. Exchanges like Coinbase have started removal from the list USDT in Europe in 2024 to align with EU Markets in Crypto Assets (MiCA) requirements.
Revolut does not provide an exact delisting framework
Revolut has not clarified whether the USDT delisting will apply globally or only in specific jurisdictions.
Regarding the reasons for USDT’s delisting, Revolut cited “regulatory and risk considerations,” without explaining what specific regulations prompted the move.
Source: Cointelegraph
The company obtained its MiCA license as a Crypto Asset Service Provider (CASP) in November 2025, According to to the official register kept by the European Securities and Markets Authority (ESMA). The license was issued by the Cyprus Securities and Exchange Commission (CySEC).
Related: The EU’s cryptocurrency rulebook faces an enforcement challenge once the transition to MiCA is completed
Cointelegraph reached out to Revolut for comment on the jurisdictions affected and the scope of its cryptocurrency offering, but did not receive a response by press time.
Tether refused to comply with MiCA
Since tardy 2024, USDT Tethera has been gradually delisted by CASPs in Europe as a stablecoin issuer rejected to comply with the EU MiCA regulation.
The company’s CEO, Paolo Ardoino, has repeatedly criticized MiCA’s perceived flaws, including reserve requirements that apply to some stablecoin issuers and require part of their reserves to be held with EU credit institutions.
Source: Cointelegraph
“I think this is very ill-conceived legislation” – Ardoino he said Cointelegraph in a May 2025 interview.
At the time of publication, USDT is the third-largest crypto asset by market capitalization after Bitcoin and Ether, with a market value of $184 billion. Its largest competitor, USDC Circle, has a market capitalization of $73 billion and is the fifth largest crypto asset, According to this CoinGecko.
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