European fintech giant Revolut has officially confirmed its plans to remove the stablecoin Tether (USDT). According to an internal notice to clients, the company is discontinuing support for USDT on its platform, which will serve as a significant signal for the entire cryptocurrency market in Europe.
The delisting process will be phased. Purchasing USDT will be available until July 6, 2025. Starting July 30, Revolut will completely stop accepting new deposits in USDT. After this date, users can either sell their assets or withdraw them to external wallets — but only until August 31. Any remaining balances that are not withdrawn or sold by this deadline will be automatically converted into fiat currency at the current market rate.
Why is Revolut abandoning USDT? This decision is likely linked to the tightening of stablecoin regulation under MiCA (Markets in Crypto-Assets Regulation) in the European Union. Tether's USDT does not meet the strict transparency and reserve requirements set by the new law. Revolut, as a licensed financial institution, is compelled to comply with these standards to avoid fines and reputational risks.
For USDT holders on the Revolut platform, this means an urgent need to decide on next steps. I recommend either withdrawing assets to decentralized wallets or exchanges where USDT is still traded, or converting them into more regulated stablecoins such as USDC or EURC, which have already received approval in Europe.
Analytical commentary: The delisting of USDT by Revolut is just the first sign. I expect that in the coming months, other European platforms will follow this example, which could lead to a significant outflow of liquidity from USDT in favor of stablecoins more compliant with MiCA. For investors, this is a signal: the era of unregulated stablecoins in Europe is coming to an end.