European fintech giant Revolut has officially announced the full delisting of the Tether USDT stablecoin. This decision will affect all platform users, and I want to break down the key dates and consequences for asset holders.
According to internal notifications, USDT purchases will only be available until July 6. Starting July 30, Revolut will stop accepting new deposits in this stablecoin — meaning it will become impossible to top up an account or transfer USDT to the platform. However, users will retain the ability to sell USDT or withdraw it to external wallets until August 31. After this date, all remaining balances will be automatically converted into fiat funds at the exchange rate in effect at that time.
This move did not come as a surprise to the market. Revolut has been consistently tightening its policy on stablecoins, especially in light of regulatory pressure in the European Union, where MiCA (Markets in Crypto-Assets) requirements are gradually coming into effect. USDT, being the largest stablecoin by market capitalization, often comes under scrutiny due to questions about reserve transparency and compliance with new standards.
For traders and investors using Revolut, this means an urgent need to reassess their positions. I recommend either converting USDT into other stablecoins, such as USDC or DAI, which are still supported by the platform, or withdrawing assets to external wallets before August 31. Delay risks forced conversion at a rate that may be unfavorable at the time of closure.
My professional opinion: The delisting of USDT on Revolut is just the first warning sign. In the coming months, we will see similar steps from other European platforms, especially after the full implementation of MiCA. If you hold USDT, prepare for structural changes — diversification into regulated stablecoins is becoming not just a strategy, but a necessity.