Cryptocurrencies
Bank Tied to Tether Goes Quiet on Relationship With Crypto Firm
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A day after Tether said it had $1.8 billion stored in Bahamas-based Deltec Bank & Trust Ltd., that bank refused to comment on whether it has a relationship with the controversial cryptocurrency company.
Tether, which has faced questions about whether it actually backs its popular namesake digital coins with dollars as it claims, released a letter attributed to Deltec Thursday that said the company has an account with the bank. Deltec spokeswoman Melanie Hutcheson, reached by phone Friday, declined to confirm or deny whether that’s true.