Revolut Sets Timeline to End USDT Support in the EU/EEA as MiCA Transition Period Closes
AI Market Summary
Revolut will phase out USDT for EU/EEA retail users as MiCA's transition period ends and Tether lacks an e-money license. Buy halts (Jul 6), deposit rejection (Jul 30), and forced conversion to EUR (Aug 31) reduce stablecoin access and on-platform liquidity for millions of users. The move underscores accelerating compliance-driven delistings across regulated venues, potentially tightening fiat<>crypto on-ramps and shifting flows to compliant alternatives.
Impact level
● Medium
Affected assets
BTC/USDT+2.57%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Revolut will phase out USDT services for retail clients in the European Union and European Economic Area, setting a sequence of cut-off dates for trading and funding.
From July 6, users will no longer be able to buy USDT. Deposits of USDT will be rejected starting July 30. Any remaining USDT balances will be automatically converted into euros at Revolut's internal exchange rate on August 31.
The move follows the formal end of the EU's Markets in Crypto-Assets Regulation (MiCA) transition period on July 1, 2026. Tether has not applied for a MiCA e-money license, prompting regulated platforms such as Revolut—authorized via the Cyprus Securities and Exchange Commission (CySEC)—to delist the token to stay compliant.
The policy is set to reshape liquidity and usage options for USDT held by Revolut's millions of EU customers.
