Tether announced that it renews verification of new users on its platform and opens up the possibility for customers to directly and “instantly transfer USDT to fiat currency in a 1: 1 ratio” through their own website.
According to representatives of the issuer of the tokenized USDT dollar , since the launch of the company in 2014, the market requirements have changed significantly, and the unexpected increase in the number of cryptocurrency traders in the past year quickly transformed the original model, suggesting the possibility of converting USDT into a fiat currency on the project website, into an unstable one — and users They offered to use Bitfinex affiliate cryptographic services for this purpose.
Now, thanks to more opportunities in the banking sector, is open to companies from the beginning of cooperation with the bank Deltec Bank & Trust Limited, Tether is ready to return to the original vision and provide customers kriptokoshelki without the involvement of third parties. The necessary tools are reported to be presented soon.
However, the possibility of withdrawing cryptocurrencies in Fiat from November 27 will be available only once a week for accounts of “professional investors”, that is, those who have amounts in the balance of $ 100– $ 999.999 thousand, $ 1– $ 10 million and from $ 1 million.
The commission for withdrawal of fiat funds will be 0.4% (with a minimum amount exceeding $ 1000), 1% and 3%, respectively. Commission for placement of funds will be the same for all users – 0.1%. And the fee for the placement and withdrawal of funds in USDT will not be charged.
At the same time, Bitfinex crypto Exchange also today announced the addition of support for trading in the USDT / USD and EURT / EUR pairs.
From today onwards, Bitfinex customers will be able to meet the Tether trading pairs.
To find out more, see https://t.co/KAzPciUwqJ . pic.twitter.com/efvJBVzlgJ
– Bitfinex (@bitfinex) November 27, 2018
Recall that the cooperation with the bank Deltec in Tether Limited was told on November 1. In turn, the bank confirmed that there are enough funds in the company's accounts to fully secure the USDT with US dollars.
