Tether resumed account verification and the possibility of direct withdrawal of USDT to Fiat

Tether, the issuer of the most popular steakblock of USDT, has opened verification for new users.

We have a big announcement! Proud <br> we are today has been to launch the redesigned a platform for the verification of the customers new and direct redemption of Tether to buy fiat Via https://t.co/XS46TbUCuL .

To find out more, head to https://t.co/Nn3WUrnRuA .

– Tether (@Tether_to) 27 leaf fall 2018 r.

In addition, the company's website says that users can now take advantage of the updated platform for the direct withdrawal of USDT tokens to fiat dollars.

According to Tether, direct conversion was temporarily suspended earlier due to a significant increase in transactions that continued over the past year. Now, thanks to a partnership with Deltec , Tether has the opportunity to return to the “original vision”, according to which users can directly perform operations on the platform without relying on intermediaries.

Soon, the company notes, the platform will be able to directly acquire USDT tokens. To deduce Tether tokens in fiat users can only once a week.

The company also presented the tariff schedule, which shows the fees for depositing / withdrawing funds:

As you can see, there is a progressive scale for withdrawals. For example, if a transaction in fiat currency is from $ 100,000 to $ 999,999, then the withdrawal fee will be 0.4% (however, in any case, more than $ 1,000), and for depositing funds – 0.1%. If the amount is in the range of $ 1 million to $ 10 million, the commission for withdrawal will be 1%, and for input – will remain unchanged. At the same time, deposit and withdrawal of funds in USDT are free.

Against the background of this news, the well-known exchange Bitfinex announced the addition of trading pairs USDT / USD and EURT / EUR.

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) 27 leaf fall 2018 r.

Recall recently it became known that the US Department of Justice is investigating possible manipulations with Tether during last year’s bullish Bitcoin rally.

Follow BlockchainJournal on Twitter !