Tether to Be Delisted From Crypto.com on January 31st — TradingView News

Crypto.com will delist Tether USDTUSD on January 31st.

USDT Info

Tether USDTUSD is a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar, meaning that for each unit of Tether in circulation, there should be an equivalent amount of dollars held in reserve by the Tether company.

Despite its advantages, Tether stirs up controversy and skepticism within the cryptocurrency community. Periodically, questions arise about whether Tether holds enough dollars in reserve to back all the USDT in circulation. The company claims this to be the case, but its reserves remain opaque. Nevertheless, Tether remains a key component in the global cryptocurrency ecosystem due to its wide usage as a hedging tool and medium of exchange on many cryptocurrency exchanges.