PANews, July 4: According to Cointelegraph, global digital banking and fintech platform Revolut has notified users that it will officially delist the stablecoin USDT on August 31, 2026. Additionally, Revolut will cease USDT purchase services starting July 6 and suspend USDT deposits after July 30, at which point any incoming USDT transfers will be automatically rejected. If users do not sell or withdraw their USDT holdings by the end of August, their positions will be automatically converted into the base currency of their account. Revolut stated that this delisting decision stems from a comprehensive evaluation of regulatory policies and risk compliance considerations, though the announcement did not specify the exact regulatory frameworks or details triggering the change.
Revolut to Delist USDT by August 31, 2026 Amid Regulatory and Compliance Concerns
PANewsShare
Summary
Revolut will delist USDT by August 31, 2026, citing CFT and compliance risks. Starting July 6, users can no longer purchase USDT, and deposits will be suspended after July 30. Any remaining USDT not sold or withdrawn will be converted to the base currency. The move reflects ongoing regulatory scrutiny of liquidity and crypto markets. Revolut did not specify particular regulations but emphasized the need to align with evolving compliance standards.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.