Bloomberg finds out how much money there is on “Tether Limited” bills.
Have you ever wondered whether USDT is backed by actual financial assets 💰 l⁉️
Or is it all just another coin with ambitious plans and nothing more behind it?
Let me tell you a little story:
• In January 2017, CTFC started to investigate the activities of Bitfinex and Tether. After this the USDT token emission was stopped for two months.
• In September 2017, Tether opened a bank account with Noble Bank (Puerto Rico) and increased its assets from 0 to $392,000,000 in just a month‼️ Not bad right?)
• In June 2018, the company’s financial assets started to be transferred to Deltec Bank (Bahamas).
• On 31 October 2018, Deltec bank confirmed that Tether really has $1.831 billion in its bank account.
If you check CMC (coin market cap) then you will see that the financial assets of Tether on October 31 were equal to the USDT coin circulating.
Bloomberg also confirmed that all the data coincided in September and October 2017🙄
So not to worry, USDT supposed to be the better dollar or dollar 2.0😂 well at least Bloomberg said so🤫😉
Hong Kong payment service Crypto.com (MCO) has signed a cooperation agreement with the hardware wallet manufacturer Ledger!
Crypto.com intends to reward customers for purchasing wallets for cryptocurrency. The team has not yet announced the details of the campaign.
Which cryptocurrency will be accepted as payments is also unknown. Crypto.com currently supports Bitcoin, Live, Litecoin, Monaco and Binance Coin.
Earlier, Ledger announced a partnership with tokenization solutions provider Neufund.
The companies intend to work together to create a framework for security tokens. But now let’s buy more MCO tokens!