USDT is disappearing from regulated European platforms, but there is little sign that it has resulted in weakening global demand for Tether.
Europe’s crackdown on Tether’s USDT is entering a new phase.
When Revolut told European users it would delist USDT after Aug. 31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms adapt to the requirements of the EU’s Markets in Crypto-Assets (MiCA) regulation.
MiCA’s stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended on July 1, putting further pressure on platforms to drop tokens that don’t meet the rules.
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