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Revolut will delist Tether's USDT for customers in the EEA and Switzerland, while continuing support for the stablecoin in other markets. The decision follows a review of Revolut's crypto services under the European Union's MiCA. LONDON (MarketsXplora) — Digital banking platform Revolut will discontinue support for Tether's USDt (USDT) for customers in the European Economic Area (EEA) and Switzerland, as the company adjusts its cryptocurrency offerings to align with evolving European regulations. The company said the decision follows a review of its crypto services in response to the European Union's Markets in Crypto-Assets Regulation (MiCA), which is reshaping how crypto assets are offered across the region. A Revolut spokesperson said the delisting will be limited to customers in the EEA and Switzerland, while support for USDT will continue in other markets where the platform offers cryptocurrency services. Revolut is discontinuing support for USDT for customers in the EEA following a periodic review of our cryptocurrency offering in light of the evolving EU regulatory framework under MiCA,” the spokesperson said. The move places Revolut among a growing number of crypto platforms that have restricted or removed access to USDT within Europe. The trend has emerged after Tether, the issuer of the world's largest stablecoin, opted not to pursue authorization under the EU's MiCA framework. USDT remains the largest stablecoin by market capitalization, with a value of approximately $184 billion, but its regulatory status in Europe has become increasingly uncertain as MiCA implementation progresses. News of the delisting first emerged after Revolut informed some European users that USDT would be removed from its platform by Aug. 31, 2026. According to the company, the process has already been underway. Revolut previously removed USDT from Revolut X, its dedicated trading platform, for customers in the EEA. The latest action completes the stablecoin's removal from the company's retail crypto offering across the region. Switzerland Inclusion Raises Questions Revolut's decision has also drawn attention because it extends beyond the geographic scope typically associated with MiCA. The regulation is designated as having EEA relevance, meaning its provisions are expected to apply across the broader European Economic Area, which includes Norway, Iceland and Liechtenstein in addition to European Union member states. Revolut Is Phasing Out US Crypto Services Revolut Rolls Out Revolut X Crypto Trading Platform for UK Retail Customers Revolut Unveils AI Technology to Combat Growing Crypto, Purchase Scams Switzerland, however, is neither a member of the European Union nor part of the EEA and is not directly subject to MiCA requirements. While Revolut confirmed that Swiss customers will also be affected by the USDT delisting, the company did not explain why Switzerland was included in the decision. The firm also did not provide a list of jurisdictions where its cryptocurrency services are currently available and had not clarified the full scope of its crypto operations at the time of publication. Headquartered in the United Kingdom, Revolut entered the cryptocurrency market in 2017 by launching crypto trading services. The company later expanded its crypto offering across EEA countries in 2024 as demand for digital asset services continued to grow.

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