Revolut to Drop Tether (USDT) in August Over Regulatory Concerns

Revolut, a popular UK-based digital banking app that also lets people buy and sell crypto, is dropping one of the world's biggest stablecoins. The company told some customers it will remove Tether (USDT) — a type of cryptocurrency designed to always stay worth about $1 — citing "regulatory and risk concerns."

A stablecoin is a digital coin whose value is tied to a regular currency like the US dollar. USDT is the largest one, widely used for trading and moving money in the crypto world.

Here are the key dates Revolut shared:

• July 6, 2026 – Customers can no longer buy USDT
• July 30, 2026 – USDT deposits (incoming transfers) will be rejected
• August 31, 2026 – Full removal; USDT can no longer be held

Why is this happening? Revolut hasn't given a detailed reason, and it hasn't said whether the change affects all countries or just some. But the move fits a wider trend. In Europe, new rules called MiCA (Markets in Crypto-Assets) — the EU's rulebook for crypto companies — have pushed platforms like Coinbase to drop USDT starting in 2024. Revolut received a MiCA license in November 2025.

A big part of the issue is that Tether, the company behind USDT, has refused to follow MiCA's requirements, which makes it harder for regulated platforms to keep offering the coin.

What does this mean for beginners? If you use Revolut and hold USDT, you'll want to sell or withdraw it before the deadline to avoid an automatic conversion. More broadly, it shows how governments are tightening the rules around crypto, and companies are adjusting what they offer to stay legal.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/revolut-usdt-delisting-regulatory-risk-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound