Revolut to end USDT support in stages, with final conversion after Aug. 31
Revolut will phase out Tether’s USDT for European customers by Aug. 31, 2026 as MiCA rules bar licensed platforms from offering non-authorized fiat-backed stablecoins in the EU.
The Wu Blockchain X post details the exact phased timeline (purchases until July 6, no deposits after July 30, sells/withdrawals until August 31, auto-conversion to fiat afterward), matching the claim's description of a staged withdrawal with final conversion after Aug 31. crypto.news independently reports the same timeline and explicitly ties it to MiCA and USDT's lack of MiCA authorization, confirming the regulatory driver in the claim. coingabbar provides further corroboration of the MiCA-driven August 31 delisting. The details are consistent across independent reports.
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.
- USDT: Tether’s dollar-pegged stablecoin.
- MiCA: The European Union’s Markets in Crypto-Assets regulatory framework for crypto assets.
- stablecoin: A crypto token designed to maintain a steady value, typically by being linked to a fiat currency.