Tether company Limited, which is the Issuer stablon USDT, disclosed information about his Bank partner, and stated that fully ensures licenzirovanie the dollar is Fiat money. From her Twitter it appears that the Bank-partner of the company is established 72 years ago Deltec Bank & Trust Limited (“Deltec”) with its head office in the Bahamas.

We are pleased to be able to confirm that the Tether has an account with Deltec Bank & Trust Limited . Balance confirmation at 2018-10-31 attached.

— Tether (@Tether_to) November 1, 2018

Representatives of the Tether claim that before entering into a contract to service the Bank for several months conducted a thorough audit of the company, including reviewing internal processes, policies and procedures, check information about shareholders, beneficial owners and managers as well as appreciate how Tether can provide USDT and its policy of managing the reserves.

However, the company has posted in the open access letter, which Deltec confirms the presence of the Tether in the accounts as at 31 October this year, $1 billion 831 million 322 thousand 838.

In addition, the company stressed that it was in the Network to combat financial crimes (FinCEN), and the Ministry of the Treasury and follows the highest standards in the sphere of implementation of the requirements of AML/CFT.

Recall that a doubt sufficient maintenance issue licenzirovanie dollar Fiat currency led to a deterioration in the perception of the company and related the crypto currency exchange Bitfinex. Less than a week ago Tether confirmed receipt from Bitfinex significant amount were in circulation USDT and reported that, according to the whitepaper project, “burned” 500 million tokens from the crypto “Tether storage“, leaving the rest on it is 466 million tokens for future emissions. Since then he had made several transfers of funds. And Bitfinex had to refute rumors of its insolvency.

Course USDT today responded to reports jump to a $1.02, and is currently trading at a price of $1.02 per unit.