Revolut To Stop Supporting USDT On Aug. 31

Revolut has notified affected users that it will stop supporting USDT, giving customers a staged deadline to buy, deposit, sell or withdraw the stablecoin before balances are removed from accounts.

Users can continue buying USDT until July 6. New USDT deposits will stop on July 30. Users can still sell USDT or withdraw it to external wallets until Aug. 31.

After Aug. 31, any remaining USDT balances in affected Revolut accounts will be converted into fiat currency at the prevailing exchange rate. Revolut’s crypto delisting terms allow delisted cryptoassets to be removed from the app and converted into the base currency of the user’s account once a delisting takes effect.

The timeline gives users nearly two months from the purchase cutoff to move or sell remaining USDT. Withdrawal access depends on whether external withdrawals are supported for the user’s location, account and asset.

MiCA Pressure Hits USDT Access

The delisting comes after Europe’s Markets in Crypto-Assets framework moved from transition into enforcement. MiCA creates EU-wide rules for crypto-asset service providers and stablecoin issuers, including authorization, disclosure, reserve, redemption and supervision requirements.

Tether has not followed the EU authorization route for USDT. Tether CEO Paolo Ardoino recently said MiCA’s reserve structure kept USDT out of Europe, citing concerns around bank deposits, reserve liquidity and redemption risk.

Revolut’s move adds another consumer-facing restriction to the post-MiCA stablecoin market. Other platforms serving European users have also reduced or removed USDT access as the July 1 MiCA deadline separated licensed services and compliant tokens from products that no longer fit the new framework.

The delisting does not mean USDT has disappeared globally. It affects access through Revolut for notified users and leaves customers with the listed sell, withdrawal and conversion options before the final deadline.

Remaining Balances Convert After Deadline

Revolut’s general delisting policy states that affected tokens are removed from the app and remaining balances are converted at the current market rate once a delisting takes effect. The same policy notes that delistings can follow regulatory, compliance, liquidity or other risk-related factors.

The user deadline sequence is July 6 for the end of purchases, July 30 for the end of new deposits, and Aug. 31 for the end of sell and withdrawal access. After that date, remaining USDT balances are converted into fiat.