Bitfinex says early Friday it repaid fully of the loan to Tether.
Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves
“Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank’s deputy CEO, said on a podcast Friday.
Tether’s Bank Says It Invests Customer Funds in Bitcoin
Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well as “other assets and […]
Bitfinex’s Parent Company Has a New Offshore Services Provider
iFinex, the parent company of Bitfinex, has parted ways with its old offshore services provider for a new firm.
Here’s What 3 Lawyers Have to Say About That Cryptic Tether Letter
The wisp of a signature on Deltec Bank’s letter to Tether is the least of it. More important is the language around liability.