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Posts Tagged ‘tether’

USDT can be withdrawn at “traditional” ATMs in Brazil

The issuer of the Tether stablecoin will make USDT available at 24,000 ATMs in Brazil starting on November 3. Tether will allow converting USDT into Brazilian reals through the use of the service of the Brazilian cryptocurrency service provider SmartPay. The platform is integrated with TecBan, a local company that owns 24,000 ATMs under the…

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Tether has ceased to be backed by commercial promissory notes

Most of the reserves of the USDT stablecoin are now US Treasury securities. According to the company, these are the safest and most liquid assets on the market Tether has announced that it has completely withdrawn commercial securities (promissory notes, unsecured short-term debt instruments issued by private companies) from the security of the Tether (USDT)…

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