Revolut to Drop USDT Access for Users Starting September
Revolut will delist Tether's USDT stablecoin after Aug. 31, automatically converting remaining balances to users' base currency.
Revolut, one of Europe's largest fintech platforms, has begun notifying customers that it will remove support for Tether's USDT stablecoin effective after August 31, citing regulatory and risk concerns as the driving forces behind the move. The decision marks a significant shift for a platform that has positioned itself as a leading gateway for retail crypto access across dozens of markets.
Any USDT balances remaining in user accounts past the deadline will be automatically converted into each customer's base currency, meaning holders will not need to manually liquidate their positions but will lose exposure to the stablecoin after the cutoff date. Revolut did not publicly specify which regulatory frameworks or risk criteria triggered the delisting, though the broader European regulatory environment — including the EU's Markets in Crypto-Assets (MiCA) framework — has placed increasing pressure on stablecoin issuers and distributors to meet stricter compliance standards.
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Tether's USDT is the world's largest stablecoin by market capitalization and a cornerstone of global crypto liquidity. Revolut's decision to exit the asset signals how seriously regulated fintech firms are weighing compliance exposure against the commercial appeal of offering high-demand crypto products. The move could prompt other European platforms to reassess their own USDT listings as MiCA enforcement ramps up in the second half of 2025.
For Revolut's retail customer base, the immediate practical impact will be automatic — balances convert without user action — but those who relied on USDT for crypto-to-crypto trading or as a dollar-pegged store of value within the app will need to seek alternatives. The company's decision underscores the growing tension between global stablecoin adoption and region-specific regulatory compliance demands.
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