Tether (cryptocurrency) & Revolut

Tether (cryptocurrency): Tether's USDT is being phased out in Europe due to its refusal to seek MiCA authorization, but it remains dominant globally with $184B market cap.

Revolut: Revolut announced it will stop supporting USDT for EEA and Swiss customers by August 31, 2026, aligning with MiCA requirements.

Tether (cryptocurrency): USDT will be delisted by Revolut in Europe, but this event is separate from the UAE approval.

Revolut: Revolut is the main beneficiary, receiving in-principle approval to offer crypto services in the UAE, expanding its regulated crypto footprint.

Tether (cryptocurrency): Tether (cryptocurrency)'s USDT did not meet MiCA requirements, leading to its removal from several major exchanges in Europe, demonstrating the direct impact of the regulation on specific crypto-assets.

Revolut: Revolut received its crypto license from the regulator in Cyprus, allowing it to offer services under the MiCA framework.

Tether (cryptocurrency): Revolut phased out support for Tether USDt, possibly in preparation for the digital euro, which could compete with stablecoins.

Revolut: Revolut, a fintech with crypto services, is selected for the pilot and recently phased out support for Tether USDt.

Tether (cryptocurrency): Revolut is removing Tether (cryptocurrency)'s USDT from its platform due to MiCA requirements, but this is separate from the French banking licence.

Revolut: Revolut is the central entity, securing the French banking licence and expanding its European Union — European operations. This approval enhances its regulatory footprint and growth prospects, supporting its high valuation and competitive standing.