European fintech giant Revolut will delist Tether’s USDT stablecoin for impacted users in Europe as the European Union’s Markets in Crypto-Assets (MiCA) regulations transform the region’s digital asset market. The phased timeline allows customers to buy USDT until July 6 and will cease new deposits after July 30. Users will be required to sell or withdraw the USDT by August 31, and any remaining amount will be automatically converted to the base fiat currency of the account.
The move is in line with the stricter requirements imposed by MiCA on issuers of stablecoins, including licensing, reserve management and disclosure obligations. The USDT stablecoin from Tether has not been approved under the MiCA rules causing regulated platforms across Europe to restrict or remove support for the token.
Revolut’s decision underlines the increasing influence of MiCA on Europe’s crypto market, as regulated exchanges and fintechs increasingly tailor their digital asset offerings to fit the bloc’s new compliance framework.
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