We're changing the way USDT can be used on Paybis in the EEA. Swap your USDT before 15 November.
We're changing the way USDT can be used on Paybis in the European Economic Area. Swap your USDT before 15 November.
If you live in the European Economic Area (EEA), we're changing the way you can use USDT on Paybis. Buying, selling and swapping USDT end on 15 November 2026. Your USDT deposit address is removed on the same day.
If you want to hold a stablecoin
USDC is a US dollar stablecoin. Its issuer is authorised under the European Union's (EU's) crypto rules, the Markets in Crypto-Assets Regulation (MiCA), and USDC is available on Paybis in the EEA. You can keep buying, selling, sending and swapping it as you do today.
How to swap USDT to USDC
Open the app and go to:
Log in at paybis.com and go to:
Why is this happening?
Under MiCA, stablecoins offered in the EEA must come from an issuer authorised in the EU. USDC's issuer is authorised and USDT's issuer is not authorised under MiCA, so we're changing the way USDT can be used on Paybis.
On 8 October 2026, the European Securities and Markets Authority (ESMA) published an Opinion expecting these changes within three months. Paybis is authorised under MiCA by the Bank of Latvia, so we're applying these changes across the EEA.
Buying, selling and swapping USDT end on 15 November 2026. Any USDT left in your Paybis wallet can still be withdrawn to an external wallet.
Your other options
Until 15 November, you can also sell your USDT or withdraw it to an external wallet. After that date, any USDT left in your Paybis wallet can be withdrawn to an external wallet, including after 8 January 2027. Network fees and minimum withdrawal amounts apply. If USDT reaches your old deposit address after 15 November, please contact our Support team: support@paybis.com.
| What you can do | Until 15 November 2026 | From 15 November 2026 | After 8 January 2027 |
|---|---|---|---|
| Swap USDT to USDC or another coin | Available, 90% OFF the Paybis fee | Closed | Closed |
| Sell USDT | Available | Closed | Closed |
| Withdraw USDT to an external wallet | Available | Available | Available |
| Hold USDT in your Paybis wallet | Available | Available | Available |
| Receive USDT to your Paybis address | Available | Address removed | Address removed |
