Cryptocurrencies
Crypto Firm Tether Says It Has $1.8 Billion in Bahamian Bank
Photographer: Dimitrios Kambouris/Getty Images
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Tether, the company behind the controversial namesake cryptocurrency, said it has a bank account with Bahamas-based Deltec Bank & Trust Ltd.
In a statement Thursday, Tether attached a letter attributed to Deltec saying that the crypto company had $1.8 billion in the account as of Oct. 31. A Deltec spokeswoman didn’t immediately have a comment.