Revolut, a UK-based digital banking platform, announced it will delist Tether USDt (USDT) by August 31st due to regulatory and risk concerns. Users' holdings will be automatically converted into their
In an update sent out on July 4th, 2026, Revolut informed its customers that they would no longer support USDT after August 31st, 2026, citing regulatory and risk concerns. This move marks a significant shift in how fintech companies are navigating the complex landscape of stablecoin regulation.
Revolut’s decision comes as other major platforms have already begun delisting USDT to align with EU regulations under MiCA (Markets in Crypto-Assets). Tether's refusal to comply with these rules, particularly regarding reserve requirements, has been a central issue. Paolo Ardoino, CEO of Tether, has criticized the legislation, stating that it is 'not well thought out.'
The delisting by Revolut highlights the broader challenges faced by stablecoin issuers in complying with regulatory frameworks. As USDT remains one of the largest stablecoins globally, its continued use and potential restrictions have significant implications for traders and users.
Revolut’s move does not specify whether this change will apply globally or only to specific jurisdictions. The company cited 'regulatory and risk considerations' without providing further details on which regulations prompted their decision. Revolut received a MiCA license as a crypto asset service provider (CASP) in November 2025, issued by the Cyprus Securities and Exchange Commission.
This development is part of a larger trend where major financial institutions are adapting to stricter regulatory environments. The delisting raises questions about timing and potential impact on users' assets. For traders and investors, it underscores the importance of staying informed about regulatory changes that can affect their portfolios.
Traders should monitor how other platforms handle stablecoins in response to similar regulations. Additionally, they may want to consider diversifying their holdings or exploring alternative stablecoins like USDC, which remains widely supported despite Tether's challenges.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.