Fintech platform Revolut announced on July 4, 2026 its intention to remove Tether’s USDT stablecoin from all of its services starting in August 2026, citing regulatory concerns and compliance risks. A decision that could have a ripple effect in the European banking sector.
This decision comes in a context where the MiCA (Markets in Crypto-Assets) regulation is coming into full effect in Europe. The European regulatory framework imposes strict requirements on stablecoin issuers, particularly regarding reserves, transparency, and oversight. Tether, despite its dominant market position, has not yet obtained the necessary approvals to fully comply with these new rules.
USDT remains by far the largest stablecoin on the market with a market capitalization exceeding $110 billion, but its regulatory compliance in Europe is regularly called into question. Concerns persist about the composition of its reserves and the transparency of its operations.
The removal of USDT by Revolut, which has tens of millions of users across Europe, marks a turning point in the adoption of regulated stablecoins. European investors and users may be forced to turn to MiCA-compliant alternatives, such as Circle’s USDC or EURC, also issued by Circle.
This announcement comes as the cryptocurrency market shows signs of recovery, with Bitcoin holding above $62,507 and Ethereum climbing to $1,759. Regulatory uncertainty surrounding USDT has not prevented the general market recovery, but it adds a layer of complexity for European investors.
The impact of this decision on the European crypto ecosystem is potentially significant. Since USDT is widely used as a trading pair on centralized exchanges, its removal could lead to reduced liquidity for USDT pairs. European exchanges could follow Revolut’s example and prepare for a transition toward regulated alternatives.
Revolut thus joins a growing list of traditional financial players distancing themselves from Tether, following repeated warnings from European and US regulators. The question remains whether other major platforms like Binance or Coinbase will follow suit.
DailyCryptoNews provides information, analysis, and educational content. No published content constitutes investment advice, financial recommendation, or an incentive to buy or sell an asset.
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