Key Takeaways:
- Revolut will stop USDT purchases July 6, reject deposits from July 30
- Remaining USDT balances auto-converted to fiat by Aug 31
- Move follows MiCA compliance pressure on non-compliant stablecoins in the EU
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Revolut to delist USDT by Aug 31 as MiCA reshapes stablecoin access
Revolut, Europe's largest fintech by valuation, will fully delist Tether's USDT by Aug. 31, phasing out support for the $184 billion stablecoin across three deadlines as the EU's Markets in Crypto-Assets framework tightens access to non-compliant tokens.
Users can buy USDT through the app until July 6, after which new purchases will be blocked. New USDT deposits will stop being accepted from July 30, and any incoming transfers after that date will be rejected, according to a customer notice reviewed by multiple outlets. Balances remaining after Aug. 31 will be automatically converted into the user's base currency at the day's exchange rate.
"Regulatory and risk considerations" drove the decision, Revolut told customers, without specifying which jurisdictions are affected. The company was granted a MiCA license as a crypto asset service provider in November 2025, authorized by the Cyprus Securities and Exchange Commission, according to the European Securities and Markets Authority register. That status obligates Revolut to align its product offering with European stablecoin rules.
The delisting places Revolut among a growing list of MiCA-licensed platforms removing USDT from European offerings. Tether's refusal to comply with the regulation — which requires issuers to hold part of their reserves with EU credit institutions — has left the stablecoin exposed to gradual exclusion from regulated distribution channels. Chief Executive Paolo Ardoino called MiCA "a very not well thought legislation" in a May 2025 interview.
USDT remains the third-largest crypto asset by market capitalization at $184 billion, according to CoinGecko. Its closest competitor, Circle's USDC, has a market cap of $73 billion and ranks fifth. The gap underscores USDT's dominance in global offshore liquidity and exchange trading, but the compliance divide is widening: USDC has benefited from a stronger regulatory profile in markets where MiCA-licensed firms control retail access.
For Revolut's retail users, the phased timeline provides a window to sell or withdraw USDT before the automatic conversion. The July 6 cutoff for purchases and July 30 deposit freeze give customers roughly eight weeks to manage holdings. After Aug. 31, any residual balance will be converted at the prevailing rate, meaning users who delay face potential exchange-rate risk.
The broader implication for the stablecoin market is structural. MiCA does not ban USDT outright, but it creates a compliance threshold that licensed platforms must enforce. If large consumer apps, brokerages, and exchanges continue removing non-compliant stablecoins, liquidity could fragment by region — with USDT dominating unregulated markets and USDC or euro-denominated alternatives capturing regulated European flows. The next milestone for affected users is July 6, when the purchase window closes.
This article is for informational purposes only and does not constitute investment advice.
[1] Revolut's USDT Delisting Deadline: MiCA Pressure Hits Retail Stablecoin Access[2] Revolut to delist USDT in August, citing regulatory and risk concerns[3] Revolut to Reject USDT Deposits Starting July 30[4] Europe’s Largest Fintech Is Dropping USDT: Here’s the Timeline[5] Revolut drops Tether's USDT in Europe, handing regulated market to USDC
