Tether Opens Bank Account with Caribbean Deltec Bank

Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says.
Deltec Accepts Tether as Client After Long Due Diligence Process, Company Says
The 72-year-old financial institution with headquarters in the Commonwealth of The Bahamas has accepted Teth