Revolut will discontinue support for the stablecoin Tether (USDT) as it moves to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The digital bank notified customers that purchases of USDT will only be available until July 6, while all remaining holdings must be withdrawn by August 31.
After the deadline, Revolut will automatically convert any USDT still held in customer accounts into fiat currency. Users who wish to keep their USDT will need to transfer the tokens to an external cryptocurrency wallet or another platform that continues to support the asset before the cutoff date.
The decision reflects the ongoing implementation of MiCA, the European Union’s comprehensive framework for regulating crypto assets. The regulation introduces strict requirements for stablecoin issuers, including licensing, reserve management, transparency, and regulatory oversight. Several crypto platforms operating in Europe have already begun restricting or delisting stablecoins that do not fully comply with the new rules.
USDT, the world’s largest stablecoin by market capitalization, has become one of the primary assets affected by MiCA’s rollout. While Tether remains widely traded globally, some European financial institutions and crypto service providers have decided to reduce or eliminate support for the token to avoid regulatory uncertainty.
For Revolut, the move is part of a broader effort to ensure its cryptocurrency services remain fully compliant across the European Economic Area. The company has steadily expanded its digital asset offering in recent years while adapting its platform to evolving regulatory standards in multiple jurisdictions.
The changes could require action from thousands of Revolut users who hold USDT on the platform. Investors planning to continue using the stablecoin should review the announced deadlines carefully to avoid automatic conversion into fiat currency. Those who no longer need exposure to USDT can simply allow Revolut to process the conversion after the deadline.
MiCA is expected to reshape Europe’s crypto market over the coming years, encouraging greater regulatory certainty while also forcing exchanges, fintech companies, and stablecoin issuers to adapt their products and services. As implementation continues, additional crypto assets could face similar restrictions depending on their compliance with the new regulatory framework.
