Revolut Delisting USDT: Only European and Swiss Users Affected
Revolut has announced a targeted delisting of Tether (USDT), clarifying that the move is strictly limited to customers within the European Economic Area (EEA) and Switzerland. This strategic shift follows an extensive internal review of the platform's crypto offerings and risk management protocols.
The primary driver behind this decision is the need to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation. While the delisting creates friction for European users, the stablecoin support remains fully intact for the rest of the global market, ensuring that the impact is geographically contained.
Revolut, the crypto-friendly digital banking platform, has clarified that its Tether USDt (USDT) delisting will not impact its entire global user base. A company spokesperson confirmed to Cointelegraph that the removal of support for the stablecoin is specifically aimed at customers residing in the European Economic Area (EEA) and Switzerland.
According to the company, the decision follows a comprehensive review of its crypto services and risk considerations in light of the European Union's Markets in Crypto-Assets (MiCA) regulation. Outside of these specific European markets, USDT support remains unchanged.
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