Revolut is phasing out Tether’s USDT for European customers, with purchases ending on July 6, 2026 at 12:00 PM GMT, new deposits stopping on July 30, and any remaining holdings on Aug. 31 converted into each account’s base currency at that day’s market rate. The move reflects the European Union’s MiCA regime, which after its July 1, 2026 transition deadline restricts licensed crypto platforms from listing non-authorized fiat-backed stablecoins such as USDT, whose issuer Tether did not seek authorization for. The change highlights how MiCA is reshaping stablecoin availability across the bloc, while compliant alternatives such as USDC and EURC remain listed on regulated venues.