Revolut to Delist USDT After August 31, Converting Remaining Holdings Automatically
Revolut will stop offering USDT on its platform after August 31, citing regulatory and risk concerns, the company notified some customers. Any holdings still in USDT at that point will be automatically converted into…
Revolut will stop offering USDT on its platform after August 31, citing regulatory and risk concerns, the company notified some customers. Any holdings still in USDT at that point will be automatically converted into each user's base currency — no manual action required from affected account holders.
What Revolut Is Doing
The fintech company has begun informing customers of the change ahead of the end-of-August deadline. The delisting applies to USDT, the dollar-pegged stablecoin issued by Tether. Revolut has not publicly specified which regulatory frameworks or risk categories drove the decision, but the dual citation — regulatory and risk — suggests the company is responding to both compliance pressure and its own internal assessment of the asset.
The automatic conversion mechanism means affected users will receive their base currency equivalent rather than being required to sell manually before the deadline. Revolut has not disclosed the conversion rate methodology or which base currencies apply.
Why This Matters for USDT
USDT is the largest stablecoin by issuance and one of the most widely held crypto assets globally. A delisting from a major retail platform does not directly affect Tether's operations, but it limits end-user access through one of Europe's best-known fintech apps. Revolut serves a broad retail base and its decision adds to a pattern of regulated platforms in Europe reevaluating their USDT exposure as the regulatory environment tightens.
The source does not indicate whether Revolut plans to maintain other stablecoins on its platform or whether the move is specific to USDT.
What Comes Next
The August 31 cutoff gives affected users roughly two months from the notification to act, though Revolut's automatic conversion backstop means inaction carries no risk of stranded assets — only the loss of USDT exposure itself. Whether Revolut offers an alternative stablecoin or simply removes the stablecoin category from its offering has not been disclosed in available communications.
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Filed via cointelegraph.com