tether (USDT) latest news

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15 Apr 2018, 10:44

tether is a us based currency related alt coin.
Tether has grown dramatically over recent months, despite banking issues. We are grateful to all of our users and exchanges that continue to fuel the adoption of Tether as the de facto standard for ‘crypto dollars.’

The Tether team wants to update the community on several items: first, to share exciting news about the future of Tether; and, second, to address misinformation that a small group of individuals has been spreading on various online forums about Tether and exchanges that are integrated with Tether.



Banking

In April 2017, we announced that Tether’s primary banks in Taiwan were being blocked by U.S. correspondent banks, including Wells Fargo. We are among a number of innovative companies in the digital token space experiencing such banking roadblocks.

Since that announcement, we have been diligently working on other payment avenues and channels, including third party payment processors and banking relationships in countries with friendlier correspondent banking connections. We have found and will continue to find solutions, and we appreciate the community’s patience as we bring these new relationships online.

We have been busy establishing a global network of money-transfer channels designed to be resilient against further aggressive action from correspondent banks. We have also opened an escrow-based relationship with a U.S.-based institution to service qualified corporate customers. While we are aware of and understand users’ desire for specific, public updates, we believe at this time that it would be a mistake to be too

source : https://tether.to/tether-update/


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