Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Michael Saylor’s Bitcoin Strategy Realizes $21.3 Billion Gains

    Bitcoin Surpasses Google in Global Market Rankings

    Bitcoin Surpasses Google in Market Cap Ranking

    Philippe Laffont Predicts Bitcoin’s Potential $5 Trillion Market Cap

    Bitcoin.ℏ Integrates SHA-384 for Quantum Security

    Bakkt Files $1 Billion Shelf Offering for Potential Bitcoin Purchases

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Ripple and SEC Reach Significant Settlement Resolution

    Dinari Receives SEC Approval for Tokenized Stocks in U.S.

    Dinari Secures SEC Approval for Tokenized Stock Trading

    Dinari Approved by SEC for U.S. Tokenized Stock Trading

    Dinari Secures SEC Approval for Tokenized Stock Trading

    Kakaopay Stock Falls 17% After Stablecoin Concerns

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Tether (USDT) is Back on Track as It Returns to $1.00 Parity

Joshua T. by Joshua T.
November 4, 2018
in Latest News
USDT

Source: tether.to

Tether— USDT which is often referred to as the best and the most popular stablecoin in circulation is back to a 1:1 parity with the US dollar.

Tether— USDT Sell Off

Tether— USDT experienced a massive sell-off which resulted in its price dropping drastically when compared to the USD which it was designed to be in parity with. This has led to several traders staying clear of the controversial coin in recent times. In a bid to remedy the fractured reputation of the stablecoin, the fintech startup behind the stablecoin, Tether Limited, has secured a banking relationship with Deltec Bank & Trust Limited. This information was made known recently along with other important updates. The report published by the start-up made it known that the Deltec Bank is a long-standing financial institution situated in the tropical nation of Bahamas.

The startup also tweeted along with document proving its relationship with the banking.

The tweet read:

“We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited”

The report further made it known that the bank has done its due diligence in the coins before reaching the conclusion to partner with the parent company as its sole banking partner.

The document also stated that:

“This [DD] included, notably, an analysis of our compliance processes, policies and procedures; a full background check of the shareholders, ultimate beneficiaries and officers of our company; and assessments of our ability to maintain the USD-peg at any moment and our treasury management policies.”

Tether has also presented a supposed letter from the bank which further explains and confirms the cash value of the Tether’s portfolio. The document made it known that there are about 1.77 billion of USDT in circulation, while the cash value of Tether’s portfolio is around $1.83 billion. All this is documentation is in bids to return the coin back to its formal glory.

Previous Post

How to Buy Ethereum with Credit/Debit Card

Next Post

Bulgarian Officials Caught Selling Passports for Bitcoin

Joshua T.

Joshua T.

Related Posts

KraneShares Files SEC Paperwork for Coinbase 50 Index ETF

by Joshua T.
June 28, 2025

KraneShares submits SEC filing for Coinbase 50 Index ETF, targeting top 50 cryptocurrencies.

KraneShares Files Coinbase 50 Index ETF with SEC

by Solomon M.
June 28, 2025

KraneShares seeks SEC approval for a new ETF tracking the top 50 cryptocurrencies by market capitalization.

Kakaopay Stock Falls 17% Amid Stablecoin Concerns

by Solomon M.
June 28, 2025

Kakaopay's stock dropped 17% as the Korean Exchange suspended trading over stablecoin issues.

Kakao Pay Faces 17% Stock Drop Amid Trading Suspension

by Solomon M.
June 28, 2025

Kakao Pay stock plummeted 17% due to Korea Exchange suspension over stablecoin exposure risks.

Tron’s USDT Supply Surpasses $80 Billion Milestone

by Solomon M.
June 27, 2025

Tron blockchain achieves over $80 billion in USDT circulation, marking significant market dominance.

World Liberty Partners with London Hedge Fund Re7 Labs

by Solomon M.
June 27, 2025

World Liberty Financial teams with Re7 Labs to advance DeFi projects with $10M investment.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.