Revolut removes USDT: delisting of the stablecoin and strict deadlines for users
European fintech giant Revolut has officially announced the discontinuation of support for Tether's USDT stablecoin. This decision is another step in the platform's tightening policy regarding risky digital assets. Users have been given clear deadlines: USDT purchases will only be available until July 6, and starting July 30, the service will completely stop accepting new deposits in this stablecoin.
After July 30, USDT holders can either sell the asset or withdraw it to external wallets — but only until August 31. After this deadline, all remaining USDT balances will be automatically converted to fiat currency at the current market rate. Revolut recommends that users manage their assets in advance to avoid forced conversion.
This decision by Revolut reflects a global trend: many centralized platforms are revising their policies regarding USDT due to regulatory pressure and concerns about the transparency of Tether's reserves. For USDT holders on Revolut, this means an urgent need to decide on next steps — either transfer the coins to decentralized wallets or exchange them for other assets supported by the platform.
My analysis: The delisting of USDT by a major player like Revolut is a signal to the market. We are likely to see similar moves from other European platforms in the coming months, especially amid the implementation of MiCA. USDT holders should be prepared for further reductions in liquidity and trading opportunities for this stablecoin on regulated exchanges.