Revolut will end USDT support on August 31, with purchases ending July 6 and deposits stopping July 30. Users must sell or transfer USDT before August 31, or remaining balances will convert t
Revolut has announced it will remove Tether's USDT from its crypto services, setting August 31, 2026, as the final deadline for support. The European fintech notified affected users through app alerts and emails, outlining a phased withdrawal schedule after regulatory changes under the European Union's Markets in Crypto-Assets framework prompted the decision.
According to Revolut, customers can continue buying USDT until July 6. However, the company will stop accepting new USDT deposits after July 30. Users may still sell their USDT or transfer it to supported external wallets until August 31.
After that deadline, USDT will no longer remain in eligible Revolut accounts. The company also urged customers to review their holdings before the deadline. It advised users to decide whether to sell or withdraw their tokens beforehand.
If any USDT remains after August 31, Revolut will automatically convert the balance into the account's base fiat currency. The conversion will use USDT's market price when the delisting takes effect. The rollout schedule now shifts attention to the reason behind the change.
Revolut said the delisting follows regulatory developments under the European Union's Markets in Crypto-Assets, or MiCA, framework. The new rules require stablecoin issuers and crypto service providers to meet licensing, reserve, disclosure, and supervisory standards.
Tether has not obtained a MiCA license for USDT. Previously, Tether Chief Executive Officer Paolo Ardoino said MiCA's reserve requirements were not designed for the world's largest stablecoin.
His comments focused on reserve composition, liquidity management, and redemption requirements under the framework.
Following MiCA's July 1 enforcement date, Revolut joins other platforms restricting access to USDT across Europe. According to the company, the changes apply only to users who received the notification.
USDT will remain available in jurisdictions where support continues. Revolut delivered the update through emails and in-app notifications. The company included each deadline so users can complete transactions before support ends.
The post Europe’s Fintech Firm Revolut Sets August 31 Deadline for USDT Delisting appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
