European fintech giant Revolut has officially announced a phased discontinuation of support for the Tether stablecoin USDT. This decision affects the entire client base of the platform, and users should prepare for the changes in advance.
Delisting Timeline
According to an internal notification received by clients, the purchase of USDT will only be available until July 6. Starting July 30, the platform will completely stop accepting new deposits in this stablecoin. However, USDT holders will still have the opportunity to sell the asset or withdraw it to external wallets until August 31.
What Happens to Balances After the Deadline
After August 31, all remaining USDT balances in Revolut accounts will be forcibly converted into fiat currency at the prevailing exchange rate at that time. This means that users who have not managed to manage their tokens will receive an equivalent amount in euros or another currency supported by the platform.
Situation Analysis
This move by Revolut is not an isolated case. Europe's fintech sector is increasingly distancing itself from USDT, likely due to growing regulatory pressure under MiCA and general concerns about the transparency of Tether's reserves. Revolut, aiming to maintain its status as a reliable and compliance-oriented service, is clearly betting on more regulated stablecoins such as USDC or EURC.
My expert opinion: The delisting of USDT by a major player like Revolut is a serious signal for the entire market. We are witnessing a tectonic shift: stablecoins that do not meet the new European standards will gradually be pushed out of legal circulation. USDT holders in Europe should plan their exit strategy in advance to avoid forced conversion at an unfavorable rate.