Revolut to phase out USDT for EU and EEA retail users, with buys ending July 6 and auto-conversion set for Aug. 31
AI Market Summary
Revolut will phase out USDT for EU/EEA retail users under MiCA enforcement: buying stops July 6, deposits rejected July 30, and remaining balances auto-converted to euros Aug 31. The move reflects regulated platforms reducing access to non-MiCA-authorised stablecoins, tightening fiat-crypto plumbing for retail and potentially shifting stablecoin flows to compliant alternatives or off-platform venues. Short-term liquidity fragmentation and wider stablecoin spreads are likely around cutoffs.
Impact level
● Medium
Affected assets
BTC/USDT+2.56%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Revolut will phase out USDT services for retail users in the EU and European Economic Area, halting purchases on July 6 and rejecting deposits from July 30. Any remaining USDT held on the app will be automatically converted into euros at Revolut’s internal rate on Aug. 31. The change follows the end of the EU’s MiCA transition period on July 1, 2026, and comes as Tether has not applied for a MiCA e-money licence, requiring authorised platforms such as Revolut—approved by CySEC—to remove the token from regulated access.
