Revolut Axes USDT Ahead of EU Stablecoin Compliance Deadline

Revolut has announced it will discontinue support for Tether's USDT stablecoin by August 31, 2026. This decision is due to Revolut's compliance obligations under the European Union's Markets in Crypto-Assets (MiCA) framework, which took full effect on July 1.

The fintech giant secured its MiCA authorization through Cyprus's financial watchdog, CySEC. As a result, Revolut must exclusively offer stablecoins issued by entities that have also obtained MiCA approval. Since Tether has declined to apply for such authorization, USDT cannot remain available on Revolut's infrastructure.

Purchasing capabilities for USDT will cease on July 6. Starting July 30, the platform will no longer accept new USDT deposits. Following these dates, users retain the ability to either liquidate their positions or transfer tokens to external wallets until the hard deadline of August 31 at 12:00 PM GMT.

Any USDT tokens still held within Revolut accounts beyond this cutoff will undergo automatic conversion to fiat currency based on prevailing market rates. Users wishing to maintain exposure to USDT must transfer their holdings to a self-custodial solution or a platform operating outside EU jurisdiction before the deadline passes.