European fintech giant Revolut has officially announced the upcoming delisting of the USDT stablecoin from Tether. This decision affects all platform users who actively use this asset for trading and storing funds.
Key Dates and Conditions
According to the updated rules, purchasing USDT on the platform will only be available until July 6. Starting July 30, Revolut will completely stop accepting new deposits in this stablecoin. However, users will retain the ability to sell USDT or withdraw funds to external wallets until August 31.
After that date, all remaining USDT balances will be automatically converted into fiat currency at the exchange rate applicable at the time of conversion. This means that clients wishing to avoid forced conversion must manage their assets in advance.
Reasons and Consequences
This move by Revolut is likely related to the tightening of stablecoin regulation in the European Union, particularly the requirements of MiCA (Markets in Crypto-Assets). Tether has not yet obtained the necessary licenses to comply with the new standards, forcing major platforms like Revolut to drop support for USDT.
My expert commentary: Revolut's decision is a signal for the entire market: stablecoins that do not meet regulatory requirements will gradually be pushed out of legal circulation in Europe. Users should diversify their assets in advance, paying attention to regulated alternatives such as USDC or EURC, which have already received approval in the EU jurisdiction.