Tether’s CTO Ensures Monitoring of Customers for Sanctions Violations
Tether Chief Technology Officer Paolo Ardoino said the company is monitoring all customers for sanctions violations. "We automatically monitor all customers for potential sanctions violations on an ongoing basis using World-Check," Paolo Ardoino wrote ...
Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet
Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...
Tether CTO Reveals $1.6B Excess Reserves to Back USDT Stablecoin
During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...