Revolut Yanks USDT Support Amid EU Stablecoin Crackdown
Revolut, Europe's largest fintech with about 65 million users, is delisting Tether USDt (USDT) for millions of customers. The move comes after August 31, when any leftover USDT balances will be automatically converted into each user's base fiat currency at the day's market rate.
The decision follows the European Union's Markets in Crypto-Assets framework, known as MiCA, which Tether declined to meet. Revolut secured its own MiCA license from Cyprus securities regulator CySEC in November 2025, clearing it to run regulated crypto services across roughly 30 European countries.
USDT has steadily lost ground on regulated European venues since the enforcement of MiCA rules began in late 2024. Coinbase pulled the token that December, and Binance, Kraken, Crypto.com, and OKX followed through early 2025.