Woofun AI reports that Revolut will fully delist Tether USDt (USDT) by August 31, 2026, driven by regulatory and risk concerns surrounding the stablecoin's issuer. The UK-based digital banking platform announced that purchasing USDT ends on July 6, marking a decisive shift in how major fintech firms manage exposure to non-compliant assets under evolving European frameworks.

Starting July 6, users lose the ability to buy USDT, while deposits cease after July 30, 2026, with all incoming transfers subsequently rejected. Any USDT balances remaining after August 31, 2026, will be automatically converted into the user's base currency at the prevailing exchange rate, a mechanism detailed in a customer notice reviewed by Cointelegraph. This timeline ensures a complete exit from the asset within the specified window, leaving no option for continued holding on the platform.

Woofun AI data shows that the delisting aligns with broader industry trends where entities like Coinbase removed USDT from European markets in 2024 to satisfy the EU's Markets in Crypto-Assets (MiCA) requirements. Although Revolut secured a crypto asset service provider (CASP) license in November 2025 via the Cyprus Securities and Exchange Commission (CySEC), as recorded by the European Securities and Markets Authority (ESMA), the company has not specified if this action applies globally or only within specific jurisdictions. The ambiguity persists despite the clear regulatory pressure stemming from the MiCA framework.

Tether has consistently resisted full MiCA compliance, with CEO Paolo Ardoino criticizing the legislation's reserve requirements that mandate holding portions of reserves with EU credit institutions. In an interview last year, Ardoino described the rules as "a very not well thought legislation," highlighting the friction between the stablecoin issuer and European regulators. This stance has led to a gradual delisting of USDT by CASPs across Europe since late 2024 as compliance deadlines approach.

Market capitalization data underscores the scale of this shift, with USDT ranking as the third-largest crypto asset after Bitcoin and Ether, valued at $184 billion. In contrast, Circle's USDC holds a $73 billion market cap, placing it fifth among crypto assets according to CoinGecko. This disparity illustrates the significant market disruption potential as dominant stablecoins face regulatory headwinds in key jurisdictions.