Revolut Is Dropping USDT in August — Here's What Happens to Your Funds
Revolut will delist Tether's USDT stablecoin after Aug. 31, automatically converting remaining balances to users' home currency.
If you're holding USDT on Revolut, you've got a deadline to pay attention to. The UK-based fintech giant has started notifying customers that it will remove Tether's USDT stablecoin from its platform after August 31, pointing to regulatory and risk concerns as the driving force behind the decision.
So what happens if you just... do nothing? Revolut says any USDT still sitting in your account after the cutoff will be automatically converted into your base currency — that's whatever local currency your Revolut account is tied to. In plain terms, the app will swap your stablecoins into dollars, euros, or pounds on your behalf, whether you act or not.
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The move reflects a broader tightening of the regulatory landscape around stablecoins, particularly in Europe, where rules under the Markets in Crypto-Assets (MiCA) framework have been pushing exchanges and fintechs to reconsider which tokens they support. USDT, despite being the world's largest stablecoin by market cap, has faced repeated scrutiny from regulators over transparency and reserve backing — making it a natural target for platforms looking to reduce compliance risk.
For everyday Revolut users, the practical impact is pretty straightforward: if you actively trade or hold USDT as a stable store of value within the app, you'll want to either withdraw it to an external wallet or swap it into another supported asset before the end of August. Waiting for the automatic conversion is fine if you're okay with whatever exchange rate Revolut applies at that moment, but proactive users will want more control over timing.
Revolut has been steadily expanding its crypto footprint in recent years, so this delisting signals that compliance concerns are now shaping the platform's token roster just as much as user demand. Continue reading at Cointelegraph.
