Revolut to Delist Tether’s USDT in Europe Amid MiCA Compliance Rules
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Revolut will delist Tether’s USDT for impacted European customers under MiCA compliance: customers can buy USDT until July 6, new deposits stop after July 30, and they must sell or withdraw by August 31 or remaining balances will be auto-converted to account fiat. The decision, driven by MiCA’s licensing, reserve and disclosure requirements and Tether’s lack of approval, highlights growing regulatory pressure on stablecoins and could hurt USDT adoption and CEX support across Europe, raising custody and market risk for crypto holders.
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European fintech giant Revolut will delist Tether’s USDT stablecoin for impacted users in Europe as the European Union’s Markets in Crypto-Assets (MiCA) regulations transform the region’s digital asset market. The phased timeline allows customers to buy USDT until July 6 and will cease new deposits after July 30. Users will be required to sell or withdraw the USDT by August 31, and any remaining amount will be automatically converted to the base fiat currency of the account.
The move is in line with the stricter requirements imposed by MiCA on issuers of stablecoins, including licensing, reserve management and disclosure obligations. The USDT stablecoin from Tether has not been approved under the MiCA rules causing regulated platforms across Europe to restrict or remove support for the token.
Revolut’s decision underlines the increasing influence of MiCA on Europe�…
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