Revolut to Remove USDT as EU MiCA Rules Take Full Effect
AI Market Summary
Revolut's planned USDT delisting to align with EU MiCA rules tightens regulated on-ramps for Tether across Europe. The staged halt to buying, deposits, and eventual forced fiat conversion signals heightened compliance friction and potential fragmentation of stablecoin liquidity toward MiCA-aligned alternatives. While not a marketwide shock, it increases operational and regulatory risk for USDT users on EU-facing platforms in the near term.
Impact level
● Medium
AI InsightAI Insight
▼ Bearish
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European fintech Revolut has notified customers that it will delist Tether's USDT from its platform as the EU's Markets in Crypto-Assets (MiCA) regime is now fully in force.
Users will be able to buy USDT until July 6, accept USDT deposits through July 30, and sell or withdraw holdings until August 31. Any remaining USDT after that date will be automatically converted into fiat currency, Revolut said.
The company cited MiCA compliance requirements, noting that Tether has not obtained MiCA certification within the European Union.
