Date: 4 months ago   Category: Economy

Tether confirms information on opening of the bank account of $1,8 billion on the Bahamas


Tether Limited, the issuer of the contradictory cryptocurrency tied to dollar, a steyblkoina of USDT has confirmed that he has improved the bank relations with small financial institution on the Bahamas. the Cryptocurrency company which is known for the opaque operations on Thursday, November 1, has changed

to standard practice and publicly announced partnership with 72-year financial institution Deltec Bank which is in Nassau. Having announced

news, Tether has reported that Deltec Bank has opened the account only after several months of check of the company which included assessment of whether the company is able to support a ratio 1:1 USDT to US dollar. In October the Tether-purse has redeemed about 1 billion tokens at overall par value, having headed the list of owners as the address with the greatest number of coins of USDT then there was "burning" of 500 million tokens. Acceptance of Tether Limited as the client of Deltec Bank has happened after careful check of our company. It included, in particular, the analysis of our processes, policy and procedures of compliance; full help check of shareholders, final beneficiaries and staff of our company; and estimates of ability to keep USD support at any time and our policy of management of storage. This process дью дилидженс, ensuring due conscientiousness, has been carried out within several months and has received positive results that has led to opening of our bank account in this establishment. Deltec Bank will constantly analyze our company. Tether have also published the letter from Deltec Bank which, obviously, confirms that the company holds in bank $1,83 billion and it more, than there is enough to cover assets which support $1,78 billion USDT.

In the letter which has been attributed to Deltec Bank & Trust Limited, has been underlined that this confirmation has been made "without obligation" by bank: We confirm that at the time of completion of operation on October 31, 2018 the cost of your cash account in our bank is $1 831 322 828. This letter is provided without any obligations from Deltec Bank & Trust Limited, their officials, directors, workers and shareholders, and is guided by only information which is at our disposal now. Earlier it was reported that Tether stores assets in Noble Bank, the financial institution located in Puerto Rico. However Noble Bank is offered for sale now.

In June Tether has published the report of the American law firm of Freeh, Sporkin & Sullivan LLP which has checked bank accounts of the company, having declared that they contain enough funds for a covering of outstanding USDT to a state for June 1, dates of survey.

it is possible to Get acquainted with the full address Deltec Bank confirming assets of Tether here:

of Tether Letter by on Scribd.

URL:




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