Tether: the exchange of USDT in the USD on the back of possible – but not for everyone

the Tether allows now the exchange of USDT in US dollars on the own platform. The decision was made in the context of the redesign of the platform. However, not every Investor can convert his Stable Coins in Fiat money.

By Christopher clover
28. November 2018 share Facebook Twitter LinkedIn xing mail

Tether to the crypto-companies that have made this year the most Wind. To the chagrin of the company (and the USDT-Holder), it was mostly outrage, because of Doubts about the US Dollar reserves of the company. Questionable human Connections between Tether, your former Bank of Noble and the crypto-exchange Bitfinex reinforced the fears that Tether may not be for every USDT a US Dollar on the account.

As the remains of the Tether the home prangende report by the law firm Freeh, Sporkin & Sullivan (FSS), the Tethers US Dollar also helped stock to confirm. Here, too, human Interactions between the FSS and the Tether-banks ensured that doubts as to the stability of the Stable Coins remained. The exchange of USDT in USD at a ratio of 1:1 had to be done, moreover, not on the Tether platform, but via the detour of the crypto-exchange Bitfinex – paid. At least in this point, Token is now, however, good news for the Holder of USDT -.

prerequisite: thickness of Wallet

As the company recently announced that it is now possible again, its USDT exchange directly at Tether in US dollars. Provided one has a bulging Wallet. The new option can, in fact, only those who use at least US $ 100,000 in the case of Tether behind or stand out. So the offer is clear cut to professional investors. The fees for US Dollar deposits and withdrawals amount to between 0.4 and three per cent, however at least US $ 1,000. This may be a withdrawal in US dollars per week.

The fees structure for USDT and Fiat transactions on the Tether Platform

the swap can now be carried out directly at Tether, founded the company with the „strengthening [their] banking business,“ which went hand-in-hand with the change to Deltec Bank. The Tether-rate fights, however, remains with the US Dollar-parity.