Revolut Plans USDT Removal by August Due to Compliance and Risk Factors
The digital banking platform Revolut has informed select users that USDT will be removed from its platform after Aug. 31, with any leftover balances being automatically converted to users' primary currency.
The United Kingdom-based digital banking platform Revolut, known for its cryptocurrency-friendly services, has informed certain customers that it plans to remove Tether USDt (USDT) stablecoin from its platform in August, pointing to compliance and risk factors as the driving force behind the decision.
According to a customer notification dated Friday that Cointelegraph obtained, Revolut indicated that purchasing USDT will become unavailable beginning July 6, while the complete removal is set to take effect on Aug. 31, 2026.
Should customers choose not to liquidate or transfer their USDT holdings before the end of August, Revolut will proceed with an automatic conversion of all remaining USDT balances to the users' primary currency based on the prevailing exchange rate on that date, according to the company's statement.
The platform will cease accepting USDT deposits after July 30, 2026, following which any USDT transfers sent to the platform will be turned away, the notice specified.
This development underscores the trend of major financial technology firms recalibrating their stablecoin offerings in light of evolving regulatory landscapes. The timing also prompts inquiry, given that platforms like Coinbase initiated USDT removal procedures in Europe during 2024 to conform with the EU's Markets in Crypto-Assets (MiCA) regulatory standards.
Revolut does not cite exact framework for delisting
The company has not provided clarity on whether the removal of USDT will be implemented across all markets or limited to particular geographic regions.
When explaining the rationale behind the USDT delisting decision, Revolut referenced "regulatory and risk considerations" while stopping short of identifying which specific regulatory frameworks have prompted this action.
The financial platform received its MiCA authorization as a crypto asset service provider (CASP) in November 2025, as documented in the official registry maintained by the European Securities and Markets Authority (ESMA). The authorization was provided by the Cyprus Securities and Exchange Commission (CySEC).
Cointelegraph reached out to Revolut seeking clarification regarding which jurisdictions would be impacted and the extent of its cryptocurrency services but had not received a reply at the time this article was published.
Tether refused to comply with MiCA
The gradual removal of Tether's USDT by CASPs operating in Europe has been ongoing since the latter part of 2024, stemming from the stablecoin issuer's unwillingness to adhere to the EU's MiCA regulatory framework.
Paolo Ardoino, the company's CEO, has consistently voiced criticism regarding what he views as shortcomings in MiCA, including reserve obligations that impact certain stablecoin providers and mandate that a portion of their reserves be maintained with credit institutions based in the EU.
I think it's a very not well thought legislation
Paolo Ardoino told Cointelegraph in an interview last year
As of the time this article was published, USDT maintains its position as the third-largest cryptocurrency by market capitalization, trailing only Bitcoin and Ether, with a total market value standing at $184 billion. Its primary rival, Circle's USDC, commands a $73 billion market cap and holds the position of the fifth-largest cryptocurrency, based on data from CoinGecko.