Short, verified market news summaries; every item names its source and publication date.
Fintech app Revolut stopped new purchases of Tether's USDT for users in the EU, the European Economic Area, and Switzerland on Monday, July 6, 2026, and said, according to Yahoo Finance, that it would fully phase out support for the token by August 31, 2026. The decision follows Tether's failure so far to obtain stablecoin authorization under the EU's MiCA regulation. Per the report, balances of users who have not converted or moved their holdings by the deadline will be automatically converted to fiat currency, a shift that strengthens the position of MiCA licensed rival USDC in the European market.
Yahoo Finance · Jul 10, 2026
