Your USDT on Revolut Has an Expiry Date — Here’s What to Do Before August 31

TLDR

• Revolut will stop supporting USDT by August 31, 2026, to comply with EU MiCA regulations
• Users can buy USDT until July 6, and make deposits until July 30
• Any USDT left after the deadline will be auto-converted to fiat currency
• Tether never applied for MiCA authorization, making USDT non-compliant on licensed platforms
• Circle’s USDC and EURC are positioned to benefit as MiCA-compliant alternatives

Revolut, Europe’s largest fintech platform with around 65 million users, has announced it will delist Tether’s USDT stablecoin by August 31, 2026. The move is driven by the EU’s Markets in Crypto-Assets (MiCA) regulation, which came into full force on July 1.

Revolut obtained its MiCA license from Cyprus’s financial regulator, CySEC. That license requires it to only list stablecoins from issuers who have also cleared MiCA’s requirements. Tether has not sought that authorization, so USDT can no longer be offered on Revolut’s platform.

The company began notifying users by email and app push notification. The wind-down follows a set schedule.

Users can still buy USDT until July 6. New USDT deposits will stop being accepted from July 30. After that, users can sell their holdings or move them to an external wallet until the final deadline of August 31 at 12:00 PM GMT.

Any USDT remaining in Revolut accounts after that point will be automatically converted to fiat at the market rate. Users who want to stay in USDT will need to withdraw to a self-custody wallet or a non-EU platform before the deadline.

What This Means for USDT Holders

It is worth being clear about what MiCA does and does not do. It does not ban individuals from holding USDT. The European Securities and Markets Authority has confirmed that users can still hold, transfer, and withdraw the token. What MiCA restricts is licensed platforms from listing non-compliant stablecoins.

Tether CEO Paolo Ardoino has said MiCA’s requirement for large issuers to hold around 60% of reserves in EU bank deposits could create systemic risk. He has indicated Tether will focus on other markets for now.

Revolut Was One of the Last to Act

Revolut held out longer than most major platforms. Coinbase removed USDT for European users in December 2024. Binance, Kraken, Crypto.com, and OKX all followed with restrictions through early 2025.

Revolut was able to keep offering USDT longer because its crypto arm had not yet received full MiCA authorization. Once the CySEC license came through, delisting became a compliance requirement, not a choice.

The platforms and stablecoins that did pursue MiCA compliance are now in a stronger position in Europe. Circle’s USDC and its euro-denominated EURC are among the few major stablecoins with MiCA authorization.

Globally, USDT leads with a market cap above $130 billion, compared to roughly $50 billion for USDC. Inside the EU, that gap matters less now, because compliance determines what licensed platforms can list.

With Revolut now falling in line, every major regulated European crypto platform has removed or restricted USDT access.

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