Revolut to delist USDT in August over regulatory and risk concerns
British fintech company Revolut has notified some customers that it will delist the USDT stablecoin. The company said the decision was driven by regulatory requirements and risk management considerations.
According to Cointelegraph, citing customer notices, Revolut users will no longer be able to buy USDT through the platform starting July 6, 2026. Beginning July 30, the company will also stop accepting USDT deposits.
Any incoming USDT transfers received after that date will be automatically rejected.
Revolut customer notice. Source: Cointelegraph.
The full delisting is scheduled for Aug. 31. Users who do not sell or withdraw their USDT holdings before then will have their remaining balance automatically converted into their account's base currency at the prevailing exchange rate.
Revolut did not specify which customers are affected
Revolut said the decision was made due to "regulatory requirements and risk management considerations." However, the company did not specify which regulations prompted the move.It also did not clarify whether the changes apply to all customers or only to users in specific jurisdictions.
In November 2025, Revolut obtained a Markets in Crypto-Assets (MiCA) crypto-asset service provider (CASP) license from the Cyprus Securities and Exchange Commission (CySEC).
Tether continues to criticize MiCA
Since late 2024, USDT has gradually disappeared from European crypto platforms after Tether declined to bring its operations into compliance with MiCA requirements.Tether CEO Paolo Ardoino has repeatedly criticized the EU's regulatory framework, particularly reserve requirements that require stablecoin issuers to hold part of their reserves with credit institutions in the European Union.
At the time of publication, USDT remained the third-largest cryptocurrency by market capitalization at about $184 billion. By comparison, USDC had a market capitalization of approximately $73 billion.
Earlier, the European Banking Authority (EBA) proposed rules that would allow regulators to impose fines of up to 12.5% of annual revenue on issuers of significant tokens that violate MiCA requirements. The regulator said the measures are intended to strengthen oversight of the crypto-asset market and improve investor protection.
Earlier, Polish exchange Kanga Exchange received a MiCA license in Latvia, allowing it to provide regulated crypto services across the European Union.
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