THE CIRCUITRYYour one-stop source for all tech news

Home/Markets/Revolut to delist USDT after Aug. 31

VERIFIEDBy Xavier Rivera· ·2 min read

Revolut to delist USDT after Aug. 31

Revolut will stop supporting USDT purchases from July 6 and fully delist the stablecoin after Aug. 31, automatically converting leftover holdings. The move reflects ongoing European regulatory pressure on non-compliant stablecoins such as Tether's USDT.

Source:CoinTelegraph

Post

TL;DRAI · 60 sec read

Revolut has notified some customers it will delist Tether's USDT stablecoin after Aug. 31, 2026, citing regulatory and risk concerns. The UK-headquartered fintech platform will stop allowing purchases of USDT from July 6 and will reject USDT deposits after July 30. Any unsold holdings will be automatically converted to users' base currency at the prevailing exchange rate.

Revolut sets strict timeline for USDT trading and deposits. Users will lose the ability to buy USDT starting July 6, 2026. Deposits will no longer be supported after July 30, with incoming transfers rejected thereafter, according to a customer notice seen by Cointelegraph.

USDT has faced gradual delisting by European crypto asset service providers since late 2024 after Tether refused to meet MiCA's reserve requirements, which mandate portions of reserves be held with EU credit institutions.

Full delisting takes effect after Aug. 31. Revolut will convert any remaining USDT balances into the user's base currency if they have not sold or withdrawn by then.

POST FROM @Cointelegraph· Tweet referenced as source in the article, containing related video interview on Tether/MiCA

https://x.com/Cointelegraph/status/2072738497216086204

Revolut attributes decision to regulatory and risk considerations. The company has not specified which regulations prompted the move or whether the delisting applies globally or only in certain jurisdictions. Cointelegraph approached Revolut for comment on the affected regions and the scope of its crypto offering but received no response by publication.

From The CircuitryThe Feed — live briefs across tech, all day.See what’s happening →

Revolut holds MiCA license issued in late 2025. The firm was granted a Markets in Crypto-Assets license as a crypto asset service provider by Cyprus Securities and Exchange Commission in November 2025, per the European Securities and Markets Authority register. The delisting aligns with broader adjustments by fintech firms to shifting EU regulatory frameworks.

Tether has resisted MiCA compliance since 2024. USDT has faced gradual delisting by European crypto asset service providers since late 2024 after Tether refused to meet MiCA's reserve requirements, which mandate portions of reserves be held with EU credit institutions. Tether CEO Paolo Ardoino criticized the legislation in a Cointelegraph interview last year, calling it "a very not well thought legislation."

At publication, USDT ranks as the third-largest crypto asset by market capitalization with a value of $184 billion. Circle's USDC holds a $73 billion market cap and ranks fifth, according to CoinGecko.

Why this mattersAI · ~100 words

Tap a lens to see what this story means for you.

Reader-supported

DonateBuy me a coffee →Follow@thecircuitry_ →Follow@thecircuitry.to →

Reader-supported · The Brief

Liked this? The Brief brings you the whole day in tech, verified, every morning. Two minutes, free forever.

HELP US IMPROVE

Reader-supported

The Circuitry is a passion project I've always wanted to build, and I love the work behind it.

Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.

Any contribution is appreciated. If not, no pressure. Thanks for reading.

Buy me a coffee

Revolut USDT MiCA Stablecoins

MORE IN MARKETS

Visa Agrees to Buy BioCatch for $2.4 Billion

Visa announced it will acquire Israeli fraud-detection startup BioCatch for $2.4 billion in cash from Permira and other investors. The purchase centers on behavioral biometrics technology and expands the payments company’s fast-growing value-added services business as global fraud losses surpass $1 trillion a year.

Visa to cut 7% of workforce, about 2,600 jobs

Visa plans to cut about 2,600 jobs, representing roughly 7% of its workforce, with AI cited as a significant but not sole factor. The company will redirect savings into growth areas such as affluent customers, cross-border activity and geographic expansion as it reports quarterly earnings the same day.

CXMT jumps 466% in Shanghai debut to eclipse all other China-listed firms

CXMT shares jumped nearly 466% in their Shanghai debut, closing at 49 yuan to reach a 3.3 trillion yuan market cap that exceeds every other China-listed firm. The $8.6 billion IPO haul will support memory wafer manufacturing while the firm commands 7.67% of the worldwide DRAM sector and stands to benefit from Beijing's semiconductor self-reliance campaign.