Revolut will stop supporting USDT purchases from July 6 and fully delist the stablecoin after Aug. 31, automatically converting leftover holdings. The move reflects ongoing European regulatory pressure on non-compliant stablecoins such as Tether's USDT.
USDT has faced gradual delisting by European crypto asset service providers since late 2024 after Tether refused to meet MiCA's reserve requirements, which mandate portions of reserves be held with EU credit institutions.
https://x.com/Cointelegraph/status/2072738497216086204
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Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
SoFi has begun settling its card program with Mastercard using SoFiUSD, targeting more than $25 billion in expected annualized volume after migration. The change provides faster onchain settlement while leaving consumer cards and merchant systems unchanged.
Sony Bank received preliminary conditional OCC approval to form Connectia Trust, a New York-based subsidiary capitalized with $40 million to manage dollar-denominated stablecoins. The approval arrives as stablecoin transaction volumes hit a record $1.79 trillion last month, intensifying competition in a market dominated by USDT and USDC.
Visa, Mastercard, Coinbase and over 140 businesses launched Open Standard to issue Open USD, a US dollar-tied stablecoin expected later in 2026. The move follows the GENIUS Act signed into law on July 18, 2025, which created a new regulatory framework and aims to expand stablecoin use beyond crypto trading.
The European Banking Authority published a consultation paper outlining fines of up to 12.5% of annual revenue for significant token issuers that violate MiCA rules. The framework arrives days before a July 1 licensing deadline that will force many crypto firms to halt EU operations or face exactly the penalties now detailed.
