Revolut to Delist Tether’s USDT by August 31 Over Regulatory Concerns

Revolut has told some customers it will delist Tether’s USDT stablecoin by the end of August, citing “regulatory and risk considerations.” The UK-headquartered digital banking platform said in a Friday customer notice, seen by Cointelegraph, that users will lose the ability to buy USDT starting July 6, with full delisting taking effect on Aug. 31, 2026.

Any USDT balances left unsold or unwithdrawn after the deadline will be automatically converted into users’ base currency at that day’s exchange rate, according to the notice. Revolut also said it will stop supporting USDT deposits from July 30, 2026, meaning any incoming transfers of the token will be rejected after that date.

Scope of the delisting remains unclear

Revolut has not specified whether the USDT removal applies worldwide or only to certain jurisdictions, and it did not detail which specific regulations prompted the decision. Cointelegraph reported that it approached Revolut for clarification on the affected markets and the broader scope of its crypto offering but had not received a response at the time of publication.

The move comes after Revolut secured a Markets in Crypto-Assets (MiCA) license as a crypto asset service provider in November 2025, a status confirmed in the European Securities and Markets Authority’s official register. That license was issued by the Cyprus Securities and Exchange Commission.

Tether’s ongoing standoff with MiCA

USDT has been progressively pulled from platforms operating under EU rules since late 2024, after Tether declined to bring its operations into compliance with MiCA. Exchanges including Coinbase began removing the token in Europe that year for similar reasons.

Tether CEO Paolo Ardoino has repeatedly criticized aspects of the MiCA framework, particularly reserve rules requiring certain stablecoin issuers to keep a portion of their reserves with EU credit institutions. “I think it’s a very not well thought legislation,” Ardoino told Cointelegraph in a May 2025 interview.

USDT remains the third-largest crypto asset by market capitalization, trailing only Bitcoin and Ether, with a market value of $184 billion, according to CoinGecko data cited by Cointelegraph. Its closest rival, Circle’s USDC, has a $73 billion market cap and ranks fifth overall.

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