Crypto.com Delists USDT for Canadians Following OSC Ban
Starting from January 31, USDT will no longer be available for Canadian residents on Crypto.com, and all the transactions involving the stablecoin will be suspended. The remaining USDT balance will be converted to USDC.
and not just Canada,
Further, Coinbase Inc (NASDAQ: COIN) exchange called its users to the conversion of their USDT stablecoins to USD Coin. It even waved the conversion fees to zero.
And so it starts - or ends.
As I've said before, those exchanges that have thoughtlessly paired every coin with either USDT or BTC, or both, may need to add another default USD-stablecoin. As for users, best audit your exposure to USDT - before it becomes more of a target.
The best part of the con was selecting the right jurisdiction and having no direct retail clients.