Svmuu News: Digital bank and fintech platform Revolut has notified some users that it will officially delist the U.S. dollar-pegged stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users’ remaining holdings into their underlying fiat currencies at the exchange rate on that day.
According to the official notice, Revolut will suspend USDT purchase services starting July 6 and halt USDT deposits after July 30; at that time, any incoming USDT will be rejected outright.
If users do not sell or withdraw their USDT by the end of August, their holdings will be automatically converted by the system into the account’s base currency. The company attributed this adjustment to “regulatory and risk-related considerations,” but did not specify the exact regulatory framework that triggered the change.
This move reflects how fintech platforms are continuing to tighten access to related assets amid shifting global stablecoin regulatory environments. Previously, trading platforms including Coinbase had already delisted USDT from European markets to comply with the EU’s MiCA regulatory framework.
Revolut has not yet clarified whether this policy applies to all regions, but the company has obtained an EU Crypto-Asset Service Provider (CASP) license, indicating that it is strengthening its compliance-oriented product restructuring. (Cointelegraph)