Tether is accelerating its expansion beyond stablecoins after investing $20 million in Mercado Bitcoin, one of Latin America's largest regulated digital asset platforms, as the company deepens its strategy of backing blockchain-based financial infrastructure instead of focusing solely on USDT issuance.
Tether has launched Alloy, a synthetic dollar product backed by Tether Gold, in a move that pushes the stablecoin issuer further beyond simple dollar tokens. TL;DR This article was written by the News Desk and edited by Samuel Rae.
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Revolut, which serves approximately 65 million customers across Europe as the continent's dominant fintech provider, has confirmed it will discontinue support for Tether's USDT stablecoin effective August 31, 2026. This decision stems from compliance obligations under the European Union's Markets in Crypto-Assets (MiCA) framework, which took full effect on July 1.
Revolut notified some customers it will delist USDT after Aug. 31, with remaining holdings automatically converted into users' base currency.
Revolut's removal of USDT highlights increasing regulatory scrutiny and risk management in the evolving fintech and crypto landscape. Revolut to end support for Tether's USDT by August 31, customers say.
Europe's major fintech platform Revolut is set to cease support for Tether (USDT) stablecoin on August 31, according to recent reports.
Revolut has confirmed it will remove Tether's USDT from eligible European accounts after new European Union crypto rules took effect under the Markets in Crypto-Assets (MiCA) framework.
Nigel Farage has been reported to the UK Parliament's standards watchdog over allegations that he lobbied the Bank of England on cryptocurrency policy in ways that could benefit one of his largest political backers, a major investor in stablecoin issuer