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I must be missing a crucial detail. Logically Crypto.com's action: > any remaining USDT balances would “automatically” be converted to Circle’s USD Coin, anot
by acaloiar 4y ago
I must be missing a crucial detail.
Logically Crypto.com's action:
> any remaining USDT balances would “automatically” be converted to Circle’s USD Coin, another stablecoin that tracks the price of the dollar.
Does not follow from the CSA's stated position:
> the CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and/or derivatives
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Why are they willing and able to have customers with USDC balances, but not USDT? Based on the CSA's position, wouldn't they want to delist all stablecoins?