Revolut announces USDT delisting by end of August, signaling stronger European compliance tightening

Odaily reports that Revolut, a digital bank and financial technology platform, has notified some users that it will officially delist the dollar stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users' remaining holdings into their base fiat currency at the day's exchange rate.

According to the official notice, Revolut will suspend USDT purchase services starting July 6, and will halt USDT deposits after July 30, at which point any incoming USDT transfers will be directly rejected.

If users have not sold or withdrawn their USDT by the end of August, the system will automatically convert their holdings into the account's base currency. The company attributes this adjustment to "regulatory and risk-related considerations," but has not specified the exact regulatory framework that triggered it.

This move reflects how fintech platforms are continuously tightening the scope of accessible assets amid changing global stablecoin regulatory environments. Previously, exchanges including Coinbase have already delisted USDT in the European market to comply with the EU's MiCA regulatory framework.

At present, Revolut has not clarified whether this policy applies to all regions, but the company has obtained a Crypto Asset Service Provider (CASP) license in the EU, indicating it is strengthening compliance-oriented product restructuring. (Cointelegraph)