Revolut to Remove USDT from Its Platform by August 31 Due to Regulatory Concerns
Revolut has informed customers that it will delist USDT after August 31, with any remaining holdings automatically converted to their base currency.
Editorial Staff
1 min read
Updated about 5 hours ago
Revolut, a leading financial technology company, has announced that it will be delisting Tether (USDT) from its platform effective August 31. This decision comes amid growing regulatory scrutiny and risk management considerations.
Customers holding USDT will see their assets automatically converted into their base currency after the delisting date. This move aims to streamline operations and ensure compliance with evolving regulations.
The company has communicated this change to its users, emphasizing the importance of adapting to the current regulatory landscape surrounding cryptocurrencies.