Online bank Revolut notified customers that it will gradually phase out support for the USDT stablecoin. Users won’t be able to buy the token starting July 6, and the asset will be fully delisted on August 31.
FinTech company Revolut, which provides banking and crypto services to more than 60 million users worldwide, announced that it will remove the USDT stablecoin from its list of supported digital assets. According to a customer notice, the decision followed the company’s regular review of available assets and reflected regulatory requirements and risk considerations.
The phaseout will take place in several stages:
- Starting July 6: Users won’t be able to purchase USDT through the app.
- Starting July 30: Revolut will stop accepting USDT deposits, and all incoming transfers in the stablecoin will be rejected.
- After August 31: Any remaining USDT balances will be automatically converted into each user’s primary fiat currency at the prevailing market rate.
Until the asset is fully delisted, Revolut users will still be able to sell their USDT holdings or withdraw them to an external crypto wallet.
The company didn’t specify whether the decision applies across all markets or only to certain jurisdictions. The customer notice cited only “regulatory requirements and risk considerations” without identifying any specific regulations.
The move coincided with the end of the transition period for compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. Since Tether, the issuer of USDT, hasn’t obtained authorization as a regulated stablecoin issuer under the EU framework and doesn’t plan to apply for one, major market participants have increasingly restricted access to the asset.
In October 2025, Revolut obtained a Crypto Asset Service Provider (CASP) license through its European subsidiary, Revolut Digital Assets Europe Ltd (RDAEL), from the Cyprus Securities and Exchange Commission (CySEC). The authorization allowed the company to offer regulated crypto services across the European Economic Area under MiCA.
Revolut has continued to expand its crypto offering. Recently, the company launched its first physical payment card for cryptocurrency spending and simplified crypto purchases across Europe through an integration with Trust Wallet.
