New banks for Bitfinex and Tether (USDT)

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The subject of criticism crypto-stock exchange Bitfinex moved their banking to Hong Kong. The battered “Stable-Coin” Tether has found, after the debacle of the Noble Bank is a new Bank in the Bahamas.

The recent downturn in Tether (USDT) has provided in recent days for plenty of discussion in the crypto community. In view of the impending insolvency of the Noble Bank, in the crypto-exchange Bitfinex kept the majority of their Tether deposits, both Bitfinex and as a Tether for a new partner Bank to look around. The fact that Tether and Bitfinex were customers of Noble Bank, gave rise to speculation about the righteousness of the crypto-exchange. Came the entanglements of Bitfinex, Tether and Noble Bank, personified by Brock Peirce.

As a last complaints of Bitfinex-accumulated customers who were able to perform no Fiat deposits, saw some already a large-scale Exit-Scam in progress. (Wrong)messages about an alleged Delisting of the stablecoins by the Exchanges KuCoin and Binance have helped the USDT course, because just as the rise of the competition, for example in the Form of the Gemini dollars (GUSD).

Hong Kong and the Bahamas

Now both Tether as well as Bitfinex to have found new banks for the processing of your transactions. Like The Block, relying on insider sources reported, it is to Bitfinex to Hong Kong. There Bitfinex to maintain a private account at the Bank, PROSPERITY, REVENUE MERCHANDISING LIMITED. The Citibank to act as the intermediary Bank for wire payments in USD at Bitfinex. PROSPERITY REVENUE MERCHANDISING LIMITED, part in Parts of the HSBC Holding. Bitfinex has not, as yet, to the rumors raised, but an announcement of the company, has on 16. October sit up and take notice The crypto:-stock market had a “new, improved, and increasingly robust System” for the Transfer of Fiat currencies at Bitfinex.

Also, Tether Limited, the company behind the Stable Coin, has apparently withdrawn their Bank transactions of Noble Bank in the Bahamas, moved. There you should be already for some weeks a customer at the Nassauer Deltec Bank. The Bank first requests of Over-the-Counter Trading Desks received; thereby, the opening of accounts for the Redemption of USDT. The from insider statements, The Block is available.

Tether course remains attached

It is questionable whether the Bank will help the Image of the Stable Coins USDT. As long as Tether Limited not an Audit in accordance with all the rules of art to undergo, remain in doubt as to the complete coverage of Tethers by the US Dollar. So it’s not surprising that these concerns, as before, in the course of stablecoins. Currently, this ranks with 0.95 U.S. Dollar is still below the target value of a Dollar.

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