by coindesk 11/05/2018
It seems the controversy surrounding Tether continues. The bank reportedly storing $1.8 billion for the altcoin has gone silent. Is There a Banking Relationship? At the beginning of November, the troubled stablecoin announced a new banking relationship with the Bahamas-based Deltec bank. This was made through a blog post on the company’s website. Prior to the...
On November 1st Tether said they have established a banking relationship with the Bahamas-based Deltec Bank & Trust Limited. Tether Limited made a few notable announcements on Thursday, November 1st. Early in the day on Twitter, the firm confirmed a new banking relationship with Deltec Bank & Trust Limited (Deltec), which has a headquarters in the Bahamas. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited
Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it is banking in the Bahamas.