Revolut Limits USDT Delisting to EEA, Switzerland
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- Revolut confirmed its USDT delisting is limited to EEA and Switzerland, with support for the $184 billion stablecoin continuing unchanged for customers in other markets
- The company cited a periodic review of its crypto offering in light of the EU's MiCA regulatory framework as the reason for winding down USDT in those jurisdictions
- Tether chose not to seek authorization under MiCA, a decision that has triggered a broader EU-wide phase-out of USDT across crypto platforms
- Revolut notified some European users on Friday that USDT will be delisted by Aug. 31, 2026, completing a removal process that already included pulling USDT from its Revolut X trading platform for EEA customers
- MiCA has EEA relevance and extends to Norway, Iceland, and Liechtenstein alongside EU member states, though Switzerland — also swept up in Revolut's delisting — is not part of the EU or EEA and is not directly covered by MiCA
- Revolut did not explain why Swiss customers were included and had not responded to requests for a list of jurisdictions where it currently offers crypto services by publication time
Why it matters: Revolut's targeted delisting means EEA and Swiss users lose access to the world's largest stablecoin by Aug. 31, 2026, while users elsewhere are unaffected. The unexplained inclusion of Switzerland — which MiCA doesn't directly cover — suggests Revolut may be applying its EU compliance logic more broadly than the regulation requires, potentially leaving Swiss crypto customers with fewer options and no clear rationale.
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