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Revolut to delist USDT in August, citing regulatory and risk concerns

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Revolut notified some customers it will delist USDT after Aug. 31, with remaining holdings automatically converted into users’ base currency.

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Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns. In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026. If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users’ base currency at the day’s exchange rate, the company said. USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected, it said.

Read full article at Cointelegraph →

#European Union #United Kingdom #Tether