Key facts
- Revolut is delisting Tether's USDT stablecoin.
- The delisting is due to new EU MiCA regulations.
- Users must sell or transfer USDT by August 31, 2026.
- Tether has not secured a MiCA license for USDT.
- Remaining USDT will be converted to the account's base currency.
European fintech Revolut has announced it will delist Tether's USDT stablecoin from its crypto offerings, citing regulatory changes under the European Union's Markets in Crypto-Assets (MiCA) framework. Users will have until August 31, 2026, to sell their USDT or send it to external wallets. After this deadline, any remaining USDT in user accounts will be automatically converted to the account's base currency at the prevailing market price.
Revolut has set a phased timeline for the delisting. Customers can continue to buy USDT until July 6th. New USDT deposits will not be accepted after July 30th. The company has urged users to review their holdings before the August 31st deadline.
The decision stems from stricter implementation of MiCA regulations, which require stablecoin issuers and crypto service providers in the EU to adhere to new licensing, reserve, disclosure, and supervisory requirements. Tether has not obtained a MiCA license for USDT, with CEO Paolo Ardoino previously stating the framework was not designed for the stablecoin due to reserve requirements. This move by Revolut follows similar restrictions on USDT access by other platforms in Europe after the July 1st enforcement date of MiCA.