Revolut clarifies USDT delisting limited to EEA, Switzerland

Cryptocurrency neobank Revolut has announced that its decision to end trading support for Tether (USDT) will only apply to customers in the European Economic Area (EEA) and Switzerland, with services in other regions remaining unchanged. According to Cointelegraph, Revolut stated that the move reflects a review of its crypto services and risks under the European Union's Markets in Crypto-Assets (MiCA) regulation. The company explained that it regularly assesses its crypto offerings to adapt to the evolving regulatory environment under MiCA, which led to the decision to discontinue USDT support for EEA customers. Revolut had previously notified some European customers that it planned to delist USDT from its platform by Aug. 31.