Revolut, a leading European fintech platform, has told users it will remove Tether’s USDT stablecoin from its crypto options because of new EU regulations. Customers received an email saying that USDT will not be allowed in Revolut accounts after August 31, 2026, at 12:00 p.m. GMT.
The rollout follows a structured, multi-stage timeline rather than an immediate cutoff:
- New USDT purchases remain available through July 6
- USDT deposits stop being accepted after July 30
- Selling or transferring USDT to external wallets remains possible until August 31
Revolut is asking customers to check their USDT holdings before the deadline. If any USDT is left in an account after the removal date, it will be automatically converted to the account’s main currency at the current USDT market price, following the company’s crypto delisting policy.
MiCA Rules Prevent Tether from Getting a License
Revolut made this decision because the EU is now enforcing stricter MiCA rules. These rules require stablecoin issuers and crypto services to meet new standards for licensing, asset reserves, disclosure, and oversight. Tether has not received a MiCA license for USDT, so the token does not meet the requirements for platforms in the EU.
Tether CEO Paolo Ardoino has previously argued that the MiCA framework wasn’t designed with the world’s largest stablecoin in mind, pointing specifically to its reserve requirements. Those requirements have raised broader questions about how USDT’s reserves are structured, how liquidity is managed, and what risks might arise if large-scale redemptions occurred simultaneously.
A Broader Pattern Across Europe
Since MiCA started being enforced on July 1, many European crypto companies have taken similar steps. Revolut is the latest to limit USDT access for its users. This change only affects Revolut users who were notified, not the USDT token itself. USDT is still available and works in places outside the EU where rules are different.
This change shows how new regulations are affecting which stablecoins platforms can offer, even if the coins themselves are not banned. USDT is still used worldwide, but it is becoming harder to access in Europe as more companies follow MiCA rules. Revolut users with USDT have until the end of August to sell, transfer, or let their USDT be automatically converted to their main currency.