Revolut to Remove USDT From Platform Starting September
Revolut will delist Tether's USDT after Aug. 31, automatically converting remaining balances to users' base currency amid regulatory concerns.
Revolut, the UK-based fintech giant, has begun notifying customers that it will remove support for USDT — the world's largest stablecoin by market cap — effective after August 31, citing regulatory pressures and risk concerns as the primary drivers behind the decision.
Any USDT holdings still on the platform past the deadline will not simply be frozen or held in limbo. Instead, Revolut has said it will automatically convert those balances into each user's base currency, a move designed to minimize disruption but one that could still catch unprepared crypto holders off guard if exchange rates shift unfavorably at the moment of conversion.
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The delisting reflects a broader wave of compliance-driven decisions sweeping European crypto platforms, as regulators across the EU and UK continue to tighten oversight of stablecoin issuers and the exchanges that list them. Tether's USDT has faced persistent scrutiny over reserve transparency and its status under emerging digital-asset regulatory frameworks, making it a frequent target for risk-averse platforms seeking to stay ahead of enforcement actions.
For Revolut — which has been pursuing a UK banking license and expanding its regulated financial services globally — reducing exposure to assets flagged by regulators sends a clear signal about its compliance posture. The company's decision could prompt other European neobanks and crypto exchanges to reassess their own USDT listings in the months ahead, particularly as the EU's Markets in Crypto-Assets regulation continues to come into force.
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