Revolut removes USDT: stablecoin disappears on 31 August

Revolut, Europe’s largest fintech, is removing USDT from its crypto offering. Users are already receiving notifications about this via push notifications and emails. After 31 August 2026, it will no longer be possible to hold Tether on a Revolut account.

The delisting is being carried out in phases. Purchases of USDT will still be possible until 6 July, while new deposits will be halted on 30 July. Until 31 August 2026 at 12:00 GMT, users can still sell their USDT or transfer it to an external crypto wallet. After that date, Revolut will automatically convert any remaining balances into fiat currency at the prevailing exchange rate.

MiCA as the reason behind the decision

The measure is linked to the European MiCA regulation, which imposes strict requirements on stablecoins offered within the EU. Tether does not meet these requirements, meaning European platforms such as Revolut can no longer offer the stablecoin without taking legal risks.

Revolut is not the first European provider to remove USDT from its platform due to MiCA. Several exchanges had already taken similar steps earlier. The situation surrounding Tether in Europe has been under pressure for some time, partly due to issues such as frozen wallets. For instance, Tether previously froze USDT in 131 Tron wallets linked to ISIS-K, further fuelling the debate over transparency surrounding the stablecoin.

What does this mean for users?

Users who hold USDT with Revolut have plenty of time to take action. They can sell their position or transfer the tokens to an external wallet before the deadline passes. Those who do nothing will have their balance automatically converted to fiat currency after 31 August.

Tether is currently trading at $1.00, meaning users should not expect any price loss from an automatic conversion. Nevertheless, it is wise to take timely action so that you maintain control over your assets and are not dependent on the exchange rate applied by Revolut at the time of conversion.