Crypto.com announces USDT delisting for Canadian users
All trading pairs with the stablecoin will be removed from the platform
11.01.2023 - 14:15
385
2 min
0
What’s new? Cryptocurrency exchange Crypto.com sent out a notice to Canadian users about the termination of support for USDT stablecoin from the Tether issuer. Starting January 31, the stablecoin and all related trading pairs will be removed from the platform. On January 10 a Twitter user with the pseudonym chortly announced this.
crypto dot com to delist USDT pic.twitter.com/3KD0gJlMkE — chortly (@charlestrussel) January 10, 2023
What else is known? The notice informs about the need to withdraw or convert funds until January 31, 2023. After that date, all transactions with stablecoin will be suspended. Open orders will be canceled and user balances in USDT will be forcibly converted to the USD Coin (USDC) stablecoin from the Circle issuer.
According to Decrypt, the exclusion of USDT from the list of supported assets is due to the need to comply with Ontario Securities Commission (OSC) instructions as part of the platform’s obligations to pre-register for a limited dealer license.
Material on the Decrypt website
USDT is the largest centralized stablecoin on the market, it ranks third in the overall cryptocurrency ranking with a capitalization of $66,3 billion, according to CoinGecko. At the end of December 2022, CryptoQuant experts analyzed blockchain data about USDT due to criticism from WSJ and Bloomberg publications, which questioned the stability of the coin. CryptoQuant data showed that USDT remains stable even in the face of growing redemptions due to ongoing market turmoil.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 486
BTC
-1.64%
-
Ethereum
$3 079.24
ETH
-2.44%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.05
XRP
-7.19%
-
Dogecoin
$0.358347
DOGE
-3.03%
-
Cardano
$0.706095
ADA
-5.92%
-
Bitcoin Cash
$430.98
BCH
-8.52%
-
Polkadot
$5.38
DOT
-6.45%
-
Litecoin
$86.32
LTC
-10.6%
-
Stellar XLM
$0.194581
XLM
-11.96%