Revolut is ending USDT support across its European platform, with the final cutoff set for August 31. According to Wu Blockchain, the fintech company has already informed customers through in-app notices and email, and the removal is being handled in stages rather than through an immediate shutdown.
Customers can keep buying USDT until July 6. New USDT deposits will stop on July 30. After that, users can still sell their holdings or move tokens to external wallets before the final deadline arrives. The timetable is now clear, and so is the window for users to manage their positions.
Phased Exit Sets Clear Deadlines for Users
Revolut said that once support ends on August 31, any USDT left in customer accounts will be automatically converted into fiat at the prevailing market rate. Users who want to keep holding USDT will need to withdraw or transfer it before that conversion takes place.
The move is tied to compliance with the European Union’s Markets in Crypto-Assets regulation, or MiCA. The framework became fully effective across the EU on June 30 and created a single regulatory standard for crypto businesses serving customers across the European Economic Area.
USDT Remains Outside the New Approval Framework
The report says USDT is still unavailable under the new regime because Tether has not obtained the electronic money authorization required for stablecoin issuers operating in the region. That has already pushed several exchanges and crypto platforms to limit or remove the token for European users.
MiCA also shifts responsibility onto crypto service providers themselves. Exchanges and fintech firms now need to make sure that any listed stablecoin meets the bloc’s licensing rules before it can be offered to customers. Listing decisions are no longer only commercial decisions; compliance checks now come first.
Europe’s Crypto Market Moves Into a New Rulebook
With MiCA in force, the European digital asset market is moving into a different regulatory phase. Crypto firms operating across the European Economic Area must secure the required authorization or suspend services that fall outside the framework.
The European Securities and Markets Authority has also instructed unauthorized crypto-asset service providers to wind down affected operations in an orderly way while protecting customers during the transition. Revolut’s USDT delisting shows how regulated platforms are adjusting their product lineup under the new rules, and reviews of stablecoin support across Europe may continue.