Revolut to End USDT Support in Europe as MiCA Rules Reshape Stablecoin Market

TL;DR

• Revolut will delist USDT, ending support for the stablecoin on August 31.
• Users can buy USDT until July 6 and deposit it until July 30 before the phased removal begins.
• Any USDT remaining after the deadline will be automatically converted into fiat at the prevailing exchange rate.
• The move reflects the impact of the EU’s MiCA rules, which continue to drive USDT delistings across regulated European platforms.

European fintech giant Revolut has announced that it will discontinue support for USDT, just days after Tether’s freezing move, giving customers until August 31 to withdraw or sell their holdings before the stablecoin is removed from the platform. The move comes as the European Union’s Markets in Crypto-Assets (MiCA) framework continues to reshape the region’s regulated crypto market.

According to notifications sent to users via email and the Revolut app, customers will be able to purchase USDT until July 6, while new USDT deposits will be accepted only until July 30. After that date, users can continue selling the stablecoin or transferring it to external wallets until August 31. Any remaining USDT balances left on Revolut after the deadline will be automatically converted into fiat currency at the prevailing exchange rate.

The announcement adds another major platform to the growing list of European companies ending support for the world’s largest stablecoin.

MiCA Continues to Drive USDT Delistings Across Europe

Revolut’s decision follows the completion of the European Union’s MiCA transition period, which took full effect on July 1, 2026. Under the new regulatory framework, licensed crypto platforms can only offer stablecoins that comply with MiCA requirements.

Rather than seeking authorization as an Electronic Money Token (EMT), Tether chose not to apply for MiCA approval. The company has previously argued that the regulation’s reserve requirements, including rules governing where reserves must be held, are incompatible with its existing reserve management strategy.

As a result, several major exchanges have already removed USDT from their regulated European services. Coinbase, Kraken, Crypto.com, and Binance have all ended or significantly restricted USDT trading for users in the region as the regulatory deadline approached.

The latest move by Revolut further reduces the number of regulated platforms where European customers can access the stablecoin.

Circle Gains Ground as Europe Adopts MiCA-Compliant Stablecoins

This comes as Circle takes the opposite approach by securing regulatory approval that allows USDC and EURC to operate across all 27 European Union member states, as earlier reported.

The shift has prompted exchanges and liquidity providers to increasingly support MiCA-compliant stablecoins, with many rebuilding trading liquidity around USDC after removing USDT trading pairs.

Although USDT is disappearing from regulated European trading platforms, Tether has maintained a presence in the region through technology partnerships. The company continues to support projects developing MiCA-compliant stablecoins using its Hadron tokenization platform, allowing it to remain active in Europe’s digital asset ecosystem without issuing a MiCA-approved stablecoin itself.

Revolut’s latest announcement underscores how the implementation of MiCA is reshaping the European stablecoin market. As regulated platforms align with the new rules, compliant alternatives such as USDC are gaining wider adoption while USDT’s availability across Europe’s licensed crypto services continues to decline.