Tether reopens account verification and direct fiat redemption

Tether, the company issuing USDT stablecoin, announced that the platform now allows for verification of new customers and direct redemption of USDT to fiat. This announcement comes after the company confirmed The Block’s earlier reports that it had established a banking relationship with Deltec Bank & Trust Limited headquartered in The Bahamas. Starting today, Tether’s customers will have a new minimal issuance and redemption requirements equal to $100,000 and $100,000 USDT, respectively. Customers are limited to one fiat redemption per week. The company’s new fee structure is displayed in the chart below:

(Source: Tether)

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Tether reopens account verification and direct fiat redemption written by Steven Zheng @ https://www.theblockcrypto.com/tiny/tether-reopens-account-verification-and-direct-fiat-redemption/ November 27, 2018 Steven Zheng

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