Tether, the issuer of the most popular Tether (USDT), officially announced its banking partner Deltec Bank & Trust Limited, a financial institution located in the Commonwealth of the Bahamas.
The statement notes that the bank accepted Tether as a client after a full audit of the company, including checking “compliance processes, policies and procedures … and assessing the ability to bind to USD at any time."
Tether has an account with Deltec Bank & Trust Limited https://t.co/LSn64soUsC . Balance confirmation at 2018-10-31 attached.
– Tether (@Tether_to) November 1, 2018
Tether has confirmed that he is registered with the US Treasury’s Financial Crimes Enforcement Network and is fully supported in deposits in US dollars.
Tether also published a letter from the bank stating that on October 31, funds in the amount of $ 1,831,322,828 are stored in Tether accounts.
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