Revolut is expected to end support for USDT, a stablecoin issued by Tether, by August 31, 2026. The information emerged after users shared screenshots of notifications sent by the fintech on the social network X.
According to the statement, the removal will be completed at 12h GMT on the stipulated date. After that deadline, customers will no longer be able to hold USDT balances within the platform, which requires advance action to avoid restrictions.
The company advises users to sell their tokens directly in the app or transfer them to external wallets. The measure is part of a gradual process that begins before the full removal.
As an initial step, Revolut said that USDT purchases will be disabled starting July 6, 2026, also at 12h GMT. The decision anticipates the asset's complete withdrawal over the European summer.
According to the fintech, the change comes after an internal review of the available assets. The objective is to align the platform's offering with regulatory requirements and risk criteria, maintaining an environment considered safer for cryptocurrency trading.
The move follows a trend already seen on other relevant platforms in the market. Exchanges such as Coinbase and Bitstamp have also begun withdrawing USDT for users in Europe, in response to the implementation of MiCA regulation.
The European Union's new rules impose stricter guidelines for stablecoins and service providers linked to cryptocurrencies. As a result, companies have prioritized assets considered compatible with the legislation.
In this context, preference is growing for alternatives such as USD Coin (USDC) and euro-pegged stablecoins, including EURC. These options are seen as more aligned with the bloc's regulatory requirements.
Tether CEO Paolo Ardoino had already spoken about MiCA's impacts. In previous statements, he said that the concern is not supervision, but the structural requirements imposed on issuers.
Ardoino highlighted that the regulation may require companies to keep up to 60% of reserves in uninsured bank deposits, instead of highly liquid assets such as US Treasury securities.
He also warned that smaller banking institutions in Europe may face difficulties in scenarios of mass redemptions. In light of this scenario, Tether chose not to seek compliance with MiCA, prioritizing its global user base.