Revolut to delist Tether’s USDT on Aug. 31, 2026

Revolut will remove Tether’s USDT from its platform on Aug. 31, 2026. The firm will stop purchases of USDT from July 6, 2026, and will reject deposits after July 30. Any USDT remaining on accounts after Aug. 31 will be converted automatically into each customer’s base currency at that day’s exchange rate. Incoming USDT transfers after the July 30 cutoff will be rejected.

The UK-headquartered fintech notified affected customers with a timetable that lists the three cutoff dates. Revolut has not specified whether the delisting will apply worldwide or only in certain jurisdictions.

Revolut attributed the decision to “regulatory and risk considerations” without naming the specific regulations or jurisdictions involved. The company received a Markets in Crypto-Assets (MiCA) crypto asset service provider license in November 2025, issued by the Cyprus Securities and Exchange Commission and recorded in the European Securities and Markets Authority register.

Since late 2024, several European platforms have reduced or ended support for USDT after the EU’s MiCA framework introduced reserve and operational requirements for stablecoin issuers. Some MiCA provisions require parts of issuers’ reserves to be held with credit institutions in the EU. Tether has declined to comply with certain MiCA requirements.

Paolo Ardoino, Tether’s chief technology officer and CEO, criticized MiCA in a May 2025 interview, calling it “a very not well thought legislation.”

USDT remains one of the largest cryptocurrencies by market value, with capitalization above $180 billion. Competing stablecoins have smaller market capitalizations, a difference that has influenced how providers assess which tokens to support.

Revolut’s notice states that customers who do not sell or withdraw USDT before Aug. 31 will have remaining balances converted automatically. The timetable outlines the operational steps customers must follow to avoid automatic conversion at the end of August.