Revolut Is Dropping USDT in August — Here's What to Know
Revolut will delist Tether's USDT after August 31, auto-converting any remaining balances to users' base fiat currency.
If you're holding USDT on Revolut, your clock is ticking. The London-based fintech giant has notified customers it will pull support for Tether's stablecoin after August 31, citing regulatory concerns and risk management as the driving forces behind the move.
Here's the part that should grab your attention: you don't have to do anything — but you probably should. Any USDT balance still sitting in your Revolut account after the deadline gets automatically converted into your base currency. That means no choice in the matter, no timing the conversion, and no picking an alternative crypto to roll into. Your stablecoin becomes cash, full stop.
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The delisting reflects a broader tension playing out across European fintech. Regulators have been scrutinizing stablecoins — particularly Tether — over transparency and reserve concerns for years. Revolut, which is deep in the process of building out its regulated crypto footprint across the EU and UK, clearly decided USDT is a compliance liability it doesn't need on the books.
For active traders, this is a forced hand. If you use USDT on Revolut as dry powder between trades, you'll need to either withdraw it to an external wallet before the deadline or accept the automatic fiat conversion. Neither option is ideal if you were counting on staying liquid in crypto. The smarter move is to act before August 31 rather than let Revolut decide your exit price for you.
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