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

    Marathon Digital Reaches 50,000 BTC in Treasury Holdings

    Marathon Digital Expands Bitcoin Holdings to 50,000 BTC

    Senator Lummis Proposes Crypto Tax Exemption Under $300

    Tether and Adecoagro Partner for Bitcoin Mining in Brazil

    Tether Enters Bitcoin Mining in Brazil Under New Leadership

    BTC Climbs Past $110,000 Amid Major Short Liquidations

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

    xStocks Trading Volume Surges 540% in Three Days

    Meerkat (MERK) Gains Traction Through Community and Utility

    Meerkat Meme Coin Grows With Telegram Utility

    Ripple Seeks Federal License as XRP Value Climbs

    Solana Staking ETF Launches, Reaches $33M on First Day

    SharpLink Gaming Makes $30.7M Ethereum Investment

    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

GENIUS Act Could Alter US Financial Landscape

by Solomon M.
July 3, 2025

Analysis of GENIUS Act's impact on US dollar and stablecoin regulation.

xStocks Trading Volume Surges 540% Amid Market Interest

by Solomon M.
July 3, 2025

xStocks sees a 540% trading volume increase over three days, driven by tokenized assets.

The Open Platform Raises $28.5M at $1B Valuation

by Solomon M.
July 3, 2025

The Open Platform raises $28.5M at a $1B valuation, targeting blockchain growth with strategic funds.

The Open Platform Secures $28.5 Million Series A Funding

by Solomon M.
July 3, 2025

The Open Platform raises $28.5 million Series A led by Ribbit Capital, hitting $1 billion valuation.

July Fed Rate Cut Likely Delayed by Job Data

by Solomon M.
July 3, 2025

July Fed rate cut expectations diminish as strong US job data emerges, impacting financial markets.

DeFi Technologies Expands Operations into UAE with New Office

by Solomon M.
July 3, 2025

DeFi Technologies opens UAE office, marking a strategic expansion into the MENA region.

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.