Digital banking provider Revolut has informed users it will cease support for Tether’s USDT stablecoin on its platform for European customers, with the complete suspension taking effect on August 31, 2026. The move aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which requires stablecoin issuers to obtain formal authorization before their tokens can be offered on licensed platforms.
Tether has not sought this approval, in contrast to competitors such as Circle’s USDC, which has secured MiCA compliance and is expected to gain from the change.
Revolut is implementing a phased wind-down to give customers time to adjust. Users will be able to purchase USDT through the app until July 6, 2026. New deposits of the stablecoin will stop on July 30, 2026.
Holders will retain the ability to sell their USDT or transfer it to external wallets until the final deadline of August 31, 2026.
Any USDT balances remaining in accounts after August 31 will be automatically converted into the user’s base fiat currency at the prevailing market exchange rate.
This process follows Revolut’s standard policy for delisted cryptocurrencies, which is designed to minimize disruption while ensuring regulatory compliance.
The decision comes shortly after Revolut had expanded features for USDT, including zero-fee transfers and direct swaps with USDC.
The reversal highlights how quickly platforms must adapt when new rules take effect.
MiCA’s full enforcement phase, which began in mid-2026, has prompted many EU-regulated services to prioritize only authorized assets.
Revolut, one of Europe’s largest fintech companies serving tens of millions of customers, has communicated the changes directly to affected users through in-app notifications and emails.
The company has not issued a broad public press release but is directing users to review their holdings and explore compliant alternatives available within its crypto offering.
For USDT holders on the platform, the recommended steps are clear: sell or withdraw the stablecoin before the August 31 cutoff to retain control over the asset.
Those who prefer to keep holding USDT outside regulated EU platforms can transfer it to self-custody wallets ahead of the deadline.
Automatic conversion to fiat will occur only for any remaining balances after that date.
The delisting is expected to accelerate the shift toward fully compliant stablecoins in Europe.
USDC, already authorized under MiCA, stands to capture additional market share on platforms like Revolut as users seek seamless, regulated options for trading, transfers, and everyday crypto use.
Broader implications include greater transparency and consumer protection in the EU crypto market, though some observers note it may limit access to the world’s largest stablecoin by market capitalization for users who prefer to stay within a single app ecosystem.
Tether continues to operate globally outside the MiCA framework and remains dominant in many non-EU markets. Users are advised to monitor their Revolut app for any further updates and to act before the key dates in July and August 2026.