Tether is Back: The Platform Reopens Fiat Deposits and Tether (USDT) Redemption

2018-11-28 16:44

CoinSpeaker
Tether is Back: The Platform Reopens Fiat Deposits and Tether (USDT) Redemption

Though a lot of members of the cryptocurrency community have already decided that Tether is not going to come back to business, it is absolutely not true. The company is reopening its stablecoin platform for fiat deposits and USDT redemption.

Nevertheless, this move is not a sign of a new vision, it is just a return to original parameters that were initially set.

A Little Bit of History

More than a year ago, in April 2017, it was announced that Tether’s Taiwanese banking partners had quitted its cooperation with banking services provider Wells Fargo. As a result, deposit and withdrawal offerings for the stablecoin’s holders were restricted.

Half a year later, in November, an impressive amount of 30,950,010 USDT was taken from the Tether treasury wallet which meant that the 1-to-1 redemption of fiat currency to USDT had been brought to an end.

Since that time a year has passed and now it has been officially revealed that Tether has taken a decision to re-launched the account verification and the redemption of USDT back to fiat.

Current Scenario

Tether’s platform has been reactivated. Now new customers have an opportunity to pass verification and those who are already registered will be able to buy USDT directly.

The company behind the platform has established cooperation with a Bahamas-based bank called Deltec thanks to which USDT-fiat operations will be possible once again.

Nevertheless, there is one important peculiarity of this new move. The minimum requirements for withdrawals and deposits are set at $100,000 and 100,000 USDT, which makes clear that the service won’t enjoy huge popularity among retail investors.

That’s why the company says that now their services are targeted at the audience of professional investors who can and need to deposit hundreds of thousands of dollars or even more at a time.

The platform will take fees ranging from 0.4 percent to 3 percent that will vary depending on the size of a deposit or withdrawal. Moreover, not more than one USD fiat redemption per week will be allowed.

The team has published an official announcement which states:

“Through this update we are proud to offer greater flexibility and utility to Tether’s customers, and a return to our original mission for the stablecoin. Our team is working tirelessly to ensure smooth transition to this new system.”

As Coinspeaker has reported, crypto exchange Bitfinex and Tether, that share the management team, are accused of artificial increasing of Bitcoin’s price with the help of the stablecoin. Currently, the authorities are conducting investigations. Nevertheless, the company denies all the allegations.

At the same time, it has been revealed that crypto exchanges platforms Bitfinex and Ethfinex are adding Tether-fiat trading pairs. Now both exchanges will offer USDT-USD and EURT-EUR pairs.

Tether is Back: The Platform Reopens Fiat Deposits and Tether (USDT) Redemption

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Tether (USDT) на Currencies.ru

$ 1.0004 (-0.01%)
Объем 24H $225.723b
Изменеия 24h: 0.02 %, 7d: 0.01 %
Cегодня L: $0.9995 - H: $1.0008
Капитализация $134.711b Rank 4
Цена в час новости $ 0.9935 (0.69%)

tether fiat deposits redemption usdt back platform

Источник: coinspeaker.com

tether fiat → Результатов: 64


Фото:

Tether возобновляет вывод средств в фиат

Компания Tether запускает модернизированную платформу, с помощью которой владельцы USDT получат возможность напрямую выводить стейблкойны в фиат. Об этом она сообщила у себя в Twitter.

2018-11-28 20:30


Tether вновь открывает возможность прямой конвертации USDT в фиат

Компания Tether сообщила о запуске модернизированной платформы, с помощью которой владельцы USDT смогут напрямую выводить стейблкоины в фиат. Компания Tether объявила о запуске новой платформы в Twitter: We have a big announcement! Today we are proud to launch a redesigned platform for the verification of new customers and direct redemption of Tether to fiat via Запись Tether вновь открывает возможность прямой конвертации USDT в фиат впервые появилась Криптовалюта.Tech.

2018-11-28 20:06


Tether возобновила верификацию аккаунтов и возможность прямого вывода USDT в фиат

Компания Tether, эмитент самого популярного стейблкоина USDT, открыла верификацию для новых пользователей. We have a big announcement! Today we are proud to launch a redesigned platform for the verification of new customers and direct redemption of Tether to fiat via https://t.

2018-11-27 19:56


Stablecoins: Are Fiat Crypto-currencies Going to Pass the Stress Test to Succeed?

The stablecoin market was once relatively simple. Very few substantial coins existed, and exchanges almost exclusively relied upon USDT (Tether) as their go-to pegged token to facilitate trade. But in 2018, there has been a proverbial explosion of interest in the creation of new coins pegged to something stable in value. Part of this increased […]

2018-10-24 00:54


Фото:

Decentralizing the Dollar: Crypto-Collateralized Stablecoins

Decentralizing The Dollar is a three-part series on stablecoins, each addressing one of the three key methods postulated for tying a stable cryptocurrency to a fiat currency. In Part One, we examined how TrueUSD might rectify the flaws in Tether; in Part Two we looked at Kowala, and algorithmic stablecoins; and in Part Three we’ll […] The post Decentralizing the Dollar: Crypto-Collateralized Stablecoins appeared first on Crypto Briefing.

2018-10-19 21:48


Tether (USDT) Stablecoin Attempts to Calm Instability Concerns with Latest Statement

Tether Attempts to Calm Instability Concerns Tether recently released a statement attempting to calm the market concerning the seeming instability of its coin in the past 36 hours. The statement, made by Tether’s Leonardo Real, was: “Tether is the leading provider of tokenized fiat currencies and is listed on many exchanges worldwide. We would like […]

2018-10-16 19:18


Фото:

Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

USD-backed stablecoin Tether (USDT) fell below $0. 90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.   Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT , countered by a 5 percent rise in the price of Bitcoin (BTC) , coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday.

2018-10-15 12:30


Фото:

Bittrex и Binance добавили торговые пары с долларом и Tether

Американская криптовалютная биржа Bittrex и гонконгская площадка Binance добавили в листинг новые пары с американским долларом и виртуальной валютой Tether (USDT). Об этом компании сообщили в Twitter.

2018-10-5 15:43


Фото:

Circle Announces Launch of Native Stablecoin “USDC”

Circle has become the latest in a recent series of crypto platforms and exchanges to launch a stable coin as the market increasingly looks to diversify from Tether. Announced on September 26, 2018, in a post on the official Circle blog, USD Coin (USDC), developed in partnership with CENTRE enables users to cash out their exchange holdings into fiat using...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 21:00


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


Фото:

Gemini Exchange Launches Gemini Dollar, a Stablecoin Similar to Tether

In a new blog post, cryptocurrency exchange Gemini announced the launch of its own stablecoin — Gemini dollar. The cryptocurrency is pegged to the US dollar 1:1 and designed as an ERC20 token. Cameron Winklevoss wrote in the post that they intend to bring fiat and cryptocurrency closer by creating a regulated and trustworthy US […] Gemini Exchange Launches Gemini Dollar, a Stablecoin Similar to Tether was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-12 18:59


Bittrex Crypto Exchange to Add Cardano (ADA) and Zcash (ZEC) USD Trading Pairs

Bittrex Expands And Adds Cardano And ZCash To US Dollar Markets The famous virtual currency exchange Bittrex has decided to add two new US Dollar trading pairs. In the past the trading platform offered fiat trading with other three markets: Bitcoin (BTC), Tether (USDT), and TrueUSD (TUSD). Earlier this year, Bill Shihara, Bittrex CEO, said […]

2018-8-30 22:25


Фото:

An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD […] The post An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend appeared first on Bitcoin News.

2018-8-13 03:10


дальше еще 15 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lutnick’s Cantor wants to use Tether to support a $2 billion Bitcoin lending program

Funding for Cantor’s program will start at $2 billion, but could reach tens of billions of dollars Cantor has a 5% ownership interest in Tether, valued as much as $600 million Howard Lutnick is to step down as Cantor’s CEO when his position as US Commerce Secretary is confirmed by the US Senate Cantor Fitzgerald […] The post Lutnick’s Cantor wants to use Tether to support a $2 billion Bitcoin lending program appeared first on CoinJournal.

USDT Netflow Hits Record $1.8B, Fuels Crypto Market Surge

The crypto market is witnessing a surge in buying power as USDT netflow hits an unprecedented $1. 8 billion. This influx of stablecoins typically signals increased market activity and often drives demand for Bitcoin and other cryptocurrencies.