Revolut to Delist USDT After August 31, 2026
Revolut will auto-convert remaining USDT holdings, squeezing a key payment rail for iGaming users.
Revolut will delist Tether (USDT) after August 31, 2026, automatically converting any remaining holdings into users' base currency, according to a CoinTelegraph report published July 4, 2026.
Why It Matters
For iGaming and crypto users who rely on USDT as a stable, low-friction deposit and withdrawal rail, this move narrows a key payment corridor. Revolut serves tens of millions of customers across Europe and beyond, meaning the forced conversion affects a significant slice of retail crypto holders who use the app to fund gambling accounts. Automatic conversion introduces exchange-rate risk at the moment of conversion and could trigger taxable events in some jurisdictions. Players who route funds through Revolut into crypto-accepting sportsbooks or casinos should migrate USDT holdings to an alternative wallet or exchange before the August 31 deadline.
Context
Revolut cited regulatory and risk concerns as the driver behind the delisting, per CoinTelegraph. USDT issuer Tether has faced sustained scrutiny from European regulators under the Markets in Crypto-Assets (MiCA) framework, which imposes strict reserve-transparency and licensing requirements on stablecoin issuers operating in the EU. Kraken made a similar call earlier in 2026, signalling a broader pattern of European platforms distancing themselves from USDT ahead of full MiCA enforcement.
What's Next
Revolut customers holding USDT should transfer balances off the platform or accept automatic conversion before August 31, 2026. Watch for further announcements from other EU-regulated fiat-crypto bridges facing equivalent MiCA compliance pressure.
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