Tags : Tethers

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Tether’s Financial institution Deltec Says Stablecoin Is Totally Backed by

Tether Ltd.’s Bahamas-based financial institution, Deltec, mentioned on Friday that the corporate’s stablecoin is absolutely backed by reserves, downplaying resurgent fears in regards to the cryptocurrency’s integrity. “Each tether is backed by a reserve and their reserve is greater than what’s in circulation,” Gregory Pepin, Deltec Financial institution deputy CEO, mentioned on the most recent […]Read More

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Tether’s Financial institution Says It Invests Buyer Funds in Bitcoin

Deltec, Tether’s Bahamas-based financial institution, introduced Thursday it was investing buyer funds in bitcoin. The announcement, made by Deltec Financial institution & Belief Chief Funding Officer Hugo Rogers throughout a year-in-review video, raises new questions on whether or not the dollar-pegged USDT stablecoin, which is in idea backed by money and “money equivalents,” in addition […]Read More