European fintech giant Revolut has announced the delisting of Tether's USDT stablecoin. Platform users have received notifications about upcoming changes that will take effect in the coming weeks.
According to an official statement, USDT purchases will only be available until July 6. After this date, it will become impossible to acquire the asset on the platform. And from July 30, Revolut will completely stop accepting new deposits in this stablecoin. However, the ability to sell USDT or withdraw funds to external wallets will remain until August 31.
After August 31, all remaining USDT balances in user accounts will be automatically converted to fiat currency at the current exchange rate. This decision affects Revolut customers across Europe and highlights the growing regulatory pressure on stablecoins, especially in the context of the implementation of MiCA.
As a professional analyst, I view this move as part of a broader trend: major financial platforms are gradually distancing themselves from USDT due to uncertainty about its reserves and compliance with new European regulations. Revolut, aiming to maintain its licensing integrity, is likely pivoting toward more transparent stablecoins such as USDC or EURC, which could serve as a signal for other market participants.
USDT holders on Revolut should take immediate action: either sell the asset before August 31 or withdraw it to an external wallet to avoid forced conversion at a potentially unfavorable rate. The stablecoin market is entering a phase of structural restructuring, and such delistings are just the beginning.