Revolut to Drop USDT Support in August Over Regulatory Risk
Revolut will delist Tether's USDT by Aug. 31, automatically converting remaining holdings to users' base currency amid regulatory concerns.
Revolut, one of Europe's largest digital banking platforms, announced it will remove support for Tether's USDT stablecoin effective August 31, notifying affected customers directly of the upcoming change. Any USDT balances still held on the platform after that date will be automatically converted into each user's base currency, the company said.
The move reflects growing regulatory pressure on stablecoin issuers and the platforms that carry them, particularly in Europe where the Markets in Crypto-Assets framework is reshaping which digital assets can legally be offered to consumers. Tether's USDT has long faced scrutiny over reserve transparency and compliance standards that newer regulatory regimes are demanding.
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For Revolut's crypto-active users, the delisting signals that even the world's most widely traded stablecoin is not immune to platform risk. Users who want to retain their USDT holdings will need to transfer them to an external wallet before the August 31 deadline, as the automatic conversion will happen without additional user action.
The decision underscores a broader industry trend of fintech and crypto platforms proactively pruning asset offerings to stay ahead of regulators, rather than waiting for enforcement actions. Revolut has been aggressively pursuing banking licenses across multiple jurisdictions and may be positioning its crypto offerings to align with the strictest compliance standards it expects to face.
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