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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the growing compliance with strict regulatory standards in Europe, digital bank Revolut announced its plan to end support for the Tether (USDT) stablecoin. According to reports, the bank informed its European users of its intention to cease all operations related to this asset on its platform. The complete suspension of USDT support is officially scheduled to take effect on August 31, 2026.
This decision is driven by the significant regulatory shift in Europe following the implementation of the Markets in Crypto-Assets (MiCA) framework, which imposes strict licensing requirements on stablecoin issuers. Tether faces increasing pressure from European regulators, as other platforms like OKX and Uphold have already begun restricting access to USDT for European users earlier this year to ensure alignment with MiCA legislation. Per market data, while USDT remains dominant globally, the lack of full licensing under the new rules is prompting digital banks to take precautionary measures.
Traders should monitor how this delisting impacts stablecoin liquidity in European markets over the next two years. With real-time price data for USDT currently unavailable, focus shifts to broader macroeconomic catalysts, including the upcoming U.S. Non-Farm Payrolls report, which may influence overall risk appetite in the crypto market.