Crypto Scenario Insights

Revolut Delists USDT: MiCA's Impact on European Stablecoin Liquidity?

What happened

Revolut's decision to delist Tether (USDT) by August 31 aligns with the full implementation of the EU's MiCA regulation, which restricts unauthorized stablecoins in the EEA.

What we think

The most likely outcome is a neutral to slightly bearish impact on USDT's market share within the European Economic Area, with a 60% probability.

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Revolut Delists USDT: MiCA's Impact on European Stablecoin Liquidity?

We explain what happened and what could follow. We do not forecast prices.

Read the full analysis