Key facts
- Revolut will delist Tether's USDT stablecoin.
- The delisting will occur after August 31, 2026.
- Revolut cites regulatory and risk concerns for the delisting.
- The EU's MiCA framework is a key factor in the decision.
- Users must sell or withdraw USDT by the deadline.
- Remaining USDT holdings will be converted to the user's base currency.
- This action reflects increased scrutiny of stablecoins under new European regulations.
Revolut has announced its decision to delist Tether's USDT stablecoin, with the delisting set to take effect after August 31, 2026. The financial super-app cited regulatory and risk concerns as the primary drivers for this action, specifically referencing the implications of the European Union's Markets in Crypto-Assets (MiCA) regulation. This new regulatory framework has prompted financial institutions to re-evaluate their offerings and compliance strategies concerning digital assets, particularly stablecoins.
Users who currently hold USDT on the Revolut platform are being instructed to sell or withdraw their holdings before the August 31, 2026, deadline. Failure to do so will result in any remaining USDT being automatically converted into the user's designated base currency. This conversion process is designed to manage the transition and ensure users do not lose value, although it removes the option to hold USDT directly.