Revolut Delists USDT for EU Customers Amid MiCA Compliance

Revolut is removing USDT from its trading list for customers in the European Economic Area and Switzerland, citing EU's Markets in Crypto-Assets regulation (MiCA) that requires stablecoin issuers to be authorized as e-money institutions with minimum reserves.

The deadline for this change is August 31, 2026. Since July 6, 2026, purchases of USDT have been unavailable, and deposits have been blocked since July 30, 2026. Anyone who has not sold or transferred their remaining balance by the deadline will see it automatically converted into their account currency at the prevailing market rate.

This conversion is considered a taxable event under German tax law, specifically section 23 EStG, which covers disposals of other assets, including crypto assets, within one year of acquisition.

Users have several options before the deadline: sell their USDT and move into euros or another currency, transfer it to an external wallet or exchange outside Revolut, or switch to a stablecoin listed on Revolut, such as USDC. Each option has different practical and tax implications.