BlockBeats News, July 4th. Revolut, Europe's largest financial technology company, informed users through the app and email that it would delist USDT. Users can still buy USDT normally until July 6th. Starting from July 30th, new USDT deposits will no longer be accepted. Users can still sell or withdraw USDT to an external wallet normally until August 31st. Afterward, Revolut will convert any remaining USDT in users' accounts to fiat currency at the prevailing exchange rate.

BlockBeats Note: The main reason for Revolut's delisting of USDT is the full implementation of the EU's Markets in Crypto-Assets (MiCA) regulation, which entered a strict enforcement phase in July. MiCA imposes highly stringent compliance requirements on stablecoin issuers, including asset reserve transparency, regular audits, liquidity guarantees, and strict regulatory authorization of issuers. As of now, USDT issuer Tether has not applied in the EU or fully complied with MiCA's compliance certification, resulting in USDT being viewed as a "non-compliant stablecoin." To avoid regulatory penalties, legal risks, and operational compliance issues, European regulated platforms such as Revolut must gradually delist USDT and provide users with a transition period.