Revolut Ends USDT Support in EEA Today Under MiCA Policy
Revolut converts remaining USDT balances to fiat after August 31 deadline; EURR euro stablecoin launches in three markets.
Revolut ends customer access to sell or transfer USDT in the European Economic Area and Switzerland today. Any remaining balances convert automatically to the account's primary fiat currency at the rate Revolut applies.
The change follows Revolut's staged removal of USDT support. Purchases stopped on July 6, new deposits were blocked on July 30, and the final sell or transfer window closes August 31, 2026. No new MiCA rule takes effect today; the action reflects Revolut's assessment that USDT does not meet stablecoin requirements for its services.
What remains unknown
USDT holdings stay on-chain and remain accessible on other platforms. Revolut is not confiscating customer assets. The firm is also rolling out EURR, a euro-denominated stablecoin issued by Bridge Building S.A., to eligible users in Denmark, Poland, and Portugal, though EURR is not a direct substitute for converted USDT balances.
Scale and terms
Revolut has not disclosed the number of affected users or the total USDT balances involved. The exact conversion rate applied to residual holdings is also unspecified in advance.