Revolut says USDT delisting applies to EEA and Switzerland, not all markets

Revolut has clarified that its Tether USDt (USDT) delisting is limited to customers in the European Economic Area (EEA) and Switzerland, while support continues in other markets. For PSPs and crypto businesses, the key point is simple: MiCA is now directly shaping which stablecoins can stay on-platform in Europe.

1. According to a Revolut spokesperson, the company is discontinuing USDT support for customers in the EEA after a periodic review of its cryptocurrency offering “in light of the evolving EU regulatory framework under MiCA” (Markets in Crypto-Assets Regulation).
2. The delisting does not apply globally. Revolut said USDT support will remain available in other markets, but the company did not provide a list of jurisdictions where it currently offers crypto services.
3. Revolut had already removed USDT from its Revolut X trading platform for EEA customers. The latest step completes the removal of USDT from its EEA retail offering, and the company said some European users were notified that the stablecoin would be delisted by Aug. 31, 2026.
4. The move follows a broader pattern in the EU, where crypto platforms have continued to phase out USDT after Tether, issuer of the $184 billion stablecoin, chose not to seek authorization under MiCA.
5. One wrinkle: Revolut included Switzerland among the affected markets, even though Switzerland is not part of the EU or the EEA and is not directly covered by MiCA. Revolut did not explain why Swiss customers were included.

MiCA has EEA relevance, so its scope is expected to extend beyond EU member states to Norway, Iceland and Liechtenstein as well. Revolut, headquartered in the United Kingdom, launched crypto trading in 2017 and expanded crypto services in EEA countries in 2024.