Revolut to end USDT support in stages, with final conversion after Aug. 31

Revolut will remove Tether’s USDT for certain European accounts by August 2026 as the fintech scales back access to the stablecoin under the EU’s MiCA regime.

USDT

USDC

15h ago

Fact Check

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.

Summary

Revolut is proceeding with a phased delisting of Tether’s USDT for certain European accounts, with support for the stablecoin set to end by August 2026 under the European Union’s Markets in Crypto-Assets regulation. Earlier details shared with some users said purchases would stop on July 6 and deposits would be rejected after July 30, while any remaining holdings after Aug. 31, 2026 were previously slated for automatic conversion into users’ base fiat currency at the prevailing rate as Revolut cited “regulatory and risk-related considerations.” The move underscores mounting limits on USDT availability on mainstream and regulated European platforms after MiCA entered full enforcement on July 1 and Tether chose not to seek authorization under the framework. USDC remains listed on compliant venues, reinforcing Circle’s position on regulated platforms in the region.

Terms & Concepts

USDT: Tether’s dollar-pegged stablecoin.
MiCA: The European Union’s regulatory framework for crypto assets.
stablecoin: A crypto token designed to hold a steady value, often by being linked to a fiat currency.