Crypto news

European fintech giant Revolut has officially announced the delisting of Tether's USDT stablecoin. This decision will affect all platform users, who now must act within strict timeframes.

Support Termination Timeline

According to the updated rules, USDT purchases will only be available until July 6. Starting July 30, Revolut will completely stop accepting new USDT deposits. However, asset holders will still have the option to sell the coins or withdraw them to external wallets — this functionality will remain active until August 31.

After August 31, any remaining USDT balances in accounts will be automatically converted into fiat currency at the prevailing exchange rate at that time. This means users who fail to manage their assets will have to accept the market price without any choice.

Reasons and Implications

Revolut's decision to drop USDT came as no surprise to analysts. Amid tightening cryptocurrency regulations in the European Union, particularly under MiCA (Markets in Crypto-Assets), many major platforms are reassessing their policies on stablecoins. Despite its dominant market position, USDT has often faced criticism over insufficient reserve transparency and regulatory risks.

For Revolut users, this is a signal: if you hold USDT on the platform, it is better to decide on your actions in advance — either withdraw the assets to an external wallet or convert them into other cryptocurrencies or fiat. Ignoring the deadlines will result in forced conversion, which could be disadvantageous if the exchange rate is unfavorable.

Expert Opinion

As an analyst, I consider this step logical in the context of European regulation. Revolut, aiming to maintain licensing integrity and avoid regulatory scrutiny, is choosing legally safer assets. I recommend users not to delay their decisions — the stablecoin market is evolving, and such delistings could become a trend among European platforms.