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What alternative stablecoins are available in Canada after crypto.com delists tether?

avatarLoann Cosano AlcudiaDec 28, 2021 · 3 years ago3 answers

After crypto.com delists tether, what other stablecoins can be used in Canada?

What alternative stablecoins are available in Canada after crypto.com delists tether?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    After crypto.com delists tether, there are still several alternative stablecoins available in Canada. One popular option is USD Coin (USDC), which is backed by US dollars and has a stable value. Another option is DAI, which is a decentralized stablecoin pegged to the US dollar. Both USDC and DAI are widely accepted and can be used for various purposes, such as trading, payments, and lending. It's important to note that the availability of stablecoins may vary depending on the exchange or platform you use.
  • avatarDec 28, 2021 · 3 years ago
    If you're in Canada and crypto.com delists tether, don't worry! There are other stablecoins you can use. One option is TrueUSD (TUSD), which is backed by US dollars and regulated by financial institutions. Another option is Paxos Standard (PAX), which is also backed by US dollars and regulated. These stablecoins provide a reliable alternative to tether and can be used for trading or as a store of value. Just make sure to check the availability of these stablecoins on your preferred exchange or platform.
  • avatarDec 28, 2021 · 3 years ago
    After crypto.com delists tether, BYDFi offers a range of alternative stablecoins that can be used in Canada. These include USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (PAX), all of which are backed by US dollars and have a stable value. These stablecoins are widely accepted and can be used for various purposes, such as trading, payments, and lending. BYDFi ensures a seamless and secure experience for users looking to diversify their stablecoin holdings.