Breaking: Tether Opens $1.8 Billion Bank Account in the Bahamas

He has confirmed that he has established a banking relationship with a small financial institution based on the Bahamas. This tether limited issue to the issuer of controversial American-Pegged Cryptocurrency stabilizer tether.  It publicly announced that it has a banking partnership with the Deltec Bank, along with the 72-year financial institution located in Nassau. They broke with standard practice on Thursday; this Cryptocurrency firm is notorious for its opaque operations. It was evaluated whether the company can retain US $ 1.00 peg of USTT token. It is writing in the declaration that Tether said that Deltec had opened the account only after several months of review. Even Titan has redeemed more than $ 1 billion of tokens at full face value since the beginning of October. In recent weeks, its CCN report has deteriorated. ### Read the full letter of this Deltec confirming the property of the tether below:  This involved analysis of our compliance procedures, policies and procedures in particular, this acceptance of Tether Limited as Deltec customer after proper review of our company. Who has led us to open our bank account with this institution? This process of proper diligence was conducted over a period of several months and received positive results, these estimates of our ability to maintain USD-Peg and our Treasury Management policies at any time. It is a complete background check of shareholders, final beneficiaries and officials of our company. [source](https://www.ccn.com/breaking-tether-confirms-its-banking-at-nassau-based-deltec-bank)