Crypto.com to Delist USDT for Users in Canada

Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license,” a spokesperson for Crypto.com said.

The notice stated Crypto.com's support of Tether will end on Jan. 31, without specifically stating users in Canada would only be affected, prompting confusion on behalf of some on social media.

The exchange warned users that all trading, deposits, and withdrawals will not be facilitated after the deadline. Any remaining USDT balances would “automatically” be converted to Circle’s USD Coin.

Source

Crypto com

USDT

In This Article

Related News
USDC closes in on $61 billion as institutional demand outpaces USDT growth USDC closes in on $61 billion as institutional demand outpaces USDT growth
TON connects to Tether’s USDt ecosystem with LayerZero integration TON connects to Tether’s USDt ecosystem with LayerZero integration
Crypto.com sues SEC to ‘protect the future of crypto’ in US Crypto.com sues SEC to ‘protect the future of crypto’ in US
Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules
USDT stablecoin supply on TON blockchain crosses 500 million USDT stablecoin supply on TON blockchain crosses 500 million
Latest News More More
13 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
13 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open