Major European fintech service Revolut has decided to exclude the stablecoin USDT from its ecosystem. As a leading market analyst, I closely monitor such moves, and this decision is not just a technical adjustment but a clear signal of shifting regulatory priorities in Europe.
According to an internal notification to users, purchases of USDT will only be available until July 6. After this date, the platform will completely stop accepting new deposits in the Tether stablecoin starting July 30. It is important to emphasize: this is not an instant delisting but a phased process.
Users who already hold USDT will be able to sell the asset or withdraw it to external wallets until August 31. After this date, all remaining USDT balances will be automatically converted to fiat currency at the current market rate. This means that those holding USDT on Revolut should decide on their actions in advance to avoid forced conversion.
My Analysis and Forecast
From a professional market observation perspective, this move by Revolut is part of a broader trend. European regulators are increasingly targeting stablecoins that do not meet the strict MiCA requirements. USDT from Tether, being the largest stablecoin by market capitalization, often comes under scrutiny due to insufficient reserve transparency. Revolut, aiming to comply with regulations, likely seeks to minimize regulatory risks by steering clients toward more "friendly" assets.
I recommend that USDT holders on Revolut not delay their decision. Either withdraw funds to your own cold wallet or exchange them for other stablecoins such as USDC or EURC, which more often meet European standards. The stablecoin market is entering a new phase, and such delistings will become the norm rather than the exception.