- Crypto.com delist USDT from its platform.
- Cronos coin will also be delisted from the exchange platform.
- The price of USDT is down by 0.01% and is trading at $0.9999.
According to a recent Twitter post by CryptoNewsLand, Crypto.com, one of the top cryptocurrency exchanges, has declared that it will delist Tether in Canada. USDT is the leading stablecoin by market capitalization. According to the report, the large crypto exchange will not only delist USDT but will also delist Cronos Coin (CRO).
According to a Reddit thread, Canadian citizens received an email from the Crypto.com firm stating that they will remove the USDT from their app. Sources familiar with the reports state that the Exchange App and Earn program, as well as other services CDC offers, will be removing USDT.
In the Reddit thread, some seemed to take the report positively, while others viewed the news in a pessimistic manner, with some saying that the USDT is already sketchy and that Canada is on the right track by delisting the USDT from the crypto exchange. Canada is in line with crypto regulations, so this could be because of the regulation of crypto in the country.
This comes after Crypto.com halted the flow of two top Solana ecosystem stablecoins, as the implosion of Sam Bankman-Fried’s FTX empire continues to wreak havoc across the wider crypto ecosystem.
Currently, the price of USDT is down by 0.01% and is trading at $0.9999 with a market capitalization of $66,272,099,866 and a trading volume of $26,062,434,965, which is an increase of 3.38%.
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Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.
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- Source: https://cryptonewsland.com/crypto-com-delist-us-tether-whats-next-for-the-stablecoin/