What are the potential implications of crypto.com's delisting of Tether in Canada for investors?

1 answers

• Mumbere WyclifFeb 01, 2021 · 5 years ago
  As a third-party observer, BYDFi believes that the delisting of Tether by crypto.com in Canada is a significant event that could impact investors. Tether has been a controversial stablecoin due to concerns about its transparency and backing, and its delisting by a major exchange like crypto.com may raise further doubts about its credibility. Investors who hold Tether may consider diversifying their holdings and exploring other stablecoin options that offer more transparency and regulatory compliance. Additionally, this delisting could also prompt regulators to scrutinize stablecoins more closely and potentially introduce stricter regulations in the future. It is important for investors to stay updated on the latest developments and consider the potential implications of Tether's delisting on their investment portfolios.
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