The cryptocurrency market continues to adapt to new regulatory requirements which are gradually being put in place. In this context, Revolut has informed some of its customers that it will remove USDT from its offering during the summer of 2026. This decision is accompanied by a precise timetable which provides for several steps before the definitive withdrawal of the stablecoin. It also illustrates how financial services platforms are gradually adjusting their offering of cryptoassets in the face of changes in the regulatory framework.
In brief
- Revolut will phase out USDT, with purchases stopping on July 6 and full removal planned for August 31, 2026.
- USDT deposits will be permanently halted starting July 30, 2026, and any incoming transfers will be automatically rejected.
- USDT holdings still present after August 31 will be automatically converted to users' base currency at the daily exchange rate.
- The platform justifies this decision by regulatory and risk considerations, without specifying the jurisdictions concerned or the exact regulatory framework.
- This withdrawal comes as USDT is gradually being removed from European platforms following Tether's refusal to comply with the requirements of the MiCA regulation.
Revolut specifies the steps for withdrawing the stablecoin from Tether
Revolut announced that the purchase of Tether's stablecoin will no longer be available from July 6, 2026. The complete removal of the asset is then scheduled for August 31, 2026. According to the information reported by Cointelegraphthis decision is based on regulatory and risk management considerations. On the other hand, it does not specify the rules which directly motivate this change.
At the same time, Revolut will end deposits of the stablecoin as of July 30, 2026. After this date, all incoming transfers will be automatically refused. Users therefore have a transition period to sell their tokens or transfer them to another compatible service. This schedule gives them several weeks to organize their operations.
Finally, Revolut indicated that users who still hold tokens after August 31 will not lose them. The platform will automatically convert the remaining balances into each customer's base currency according to the exchange rate in effect at the time of the transaction. This conversion will mark the end of support for this digital asset on the service.
USDT remains faced with regulatory developments
The withdrawal of USDT comes in a context where several players in the sector are gradually adapting their services. Digital asset service providers are modifying their offerings to take into account new regulatory requirements that apply in Europe. This trend particularly affects certain stablecoins whose compliance is still debated.
In its notice to users, Revolut only mentions “regulatory and risk considerations”. However, the company does not specify whether this measure will be applied globally or only in certain jurisdictions. It also does not mention the precise regulatory framework behind this decision. This communication still leaves several questions regarding the exact scope of the withdrawal.
USDT holders should also consider the deadline set by the platform. Tokens still present on accounts after August 31 will automatically be converted into each user's primary currency. The rate applied will correspond to the rate in effect on the day of this operation. Clients therefore have a clearly defined deadline to manage their assets.
MiCA continues to transform the market
This decision comes as Revolut obtained a crypto asset service provider (CASP) license in November 2025 under the MiCA regulation. This authorization appears in the official register of the European Securities and Markets Authority (ESMA). It was issued by the Cyprus Securities and Exchange Commission, allowing the company to operate under this new regulatory framework.
Finally, Cointelegraph indicated that Revolut did not respond to requests for comment regarding the jurisdictions affected or the exact extent of this measure at the time of publication. For its part, USDT has been subject to gradual withdrawals from European digital asset service providers since the end of 2024.
This situation results from the refusal of its issuer, Tether, to comply with the requirements provided for by the MiCA regulation. Its general director, Paolo Ardoino, regularly criticizes several provisions of this regulation, in particular the obligations imposed concerning reserves held with credit institutions in the European Union.
This development shows that Revolut is continuing to adapt its offering to the new rules governing the cryptoasset market. For its part, USDT remains at the heart of discussions on the application of the MiCA regulation within the European Union. Thus, the next decisions of platforms and issuers will make it possible to observe how the stablecoin market will continue to evolve in this new regulatory environment.
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