On January 9, Crypto.com announced the delisting of USDT —the most important stablecoin in the crypto ecosystem— in Canada to comply with the country's regulations.

Several users on Reddit and Twitter reported that Crypto.com sent an email informing Canadian users of the decision.

Canadians Must Get Rid of Their USDT Before January 31

According to the statement, users will have until January 31 to withdraw or exchange USDT for any other currency. Failure to do so will result in all USDT balances automatically converting to Circle's USDC stablecoin.