Tether, who was always based off-shore, did indeed have links to the U.S. banking system.
In order to pay for USDT, Tether instructed customers to send money via Signet to Bahamas-based Capital Union Bank Ltd., one of the banks tied to the company, along with Deltec Bank & Trust Ltd. and Cantor Fitzgerald Ltd.
“Banks used by Tether always had access to several banking channels and counterparties. This enabled us to identify particular risks and weaknesses that others had missed, ensuring our entities wouldn’t be affected by either direct or indirect exposure to Signature.”No Accusations of Wrongdoing
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tether Gained Access to U.S. Financial System Using Signature Bank: BloombergStablecoin issuer Tether_to used Signature Bank to transfer U.S. dollar funds from the U.S. to the Bahamas, Bloomberg reported. HeleneBraunn writes
Baca lebih lajut »
Tether 'unequivocally reiterates' no exposure to Signature BankThe company’s official statement said that it wants to “unequivocally reiterate” that it has no exposure not only to Signature Bank but also Silvergate and Silicon Valley Bank.
Baca lebih lajut »
Stablecoin issuer Tether accessed US banking system using Signature: ReportTether reportedly had access to the U.S. banking system via Signature Bank, prompting questions about transparency and risk practices. A spokesperson claims they always had multiple banking channels available.
Baca lebih lajut »
FDIC to market failed Signature Bank loan portfolio in the summerFederal regulators said late Monday they expect to begin marketing failed Signature Bank’s loan portfolion later this summer. The portfolio, worth about $60...
Baca lebih lajut »
FDIC announces sale process of former Signature Bank loan portfolioThe Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of Signature Bank.
Baca lebih lajut »
WSJ News Exclusive | Signature Bank Insiders Sold $100 Million in Stock During Crypto SurgeInsiders at collapsed Signature Bank sold more than $100 million of shares in the years after the bank pivoted to attract crypto companies and became a stock-market darling, according to a WSJ analysis
Baca lebih lajut »