Deltec CEO: Tether Stabilitycoin has enough support.

Bahamas-based Tether's Deltec Bank said on Friday the company was fully supported by holdings, according to Coindesk. Deltec Bank CEO Gregory Pepin said in a podcast: “The entire USDT is backed by insurance, and their investment goes far beyond travel. We can see it because we can see it. . " said a medium message. The USDT spread was reported for the nine months ended September 2020 and the holdings were held by national banks in the Bahamas. The anonymous report, citing data from the Central Bank of the Bahamas, said: "The US dollar from all Bahamian banks is not enough to support USDT in the cryptocurrency market." It is a bank and does not have a business license. The licensee must hold the Bahamian dollar in cash and on deposit. “We can't get rid of our customers with us and we can't keep our money in the Bahamian locale. So the announcement doesn't matter. In fact, if you make a little effort to invest the money. investment at the size of the bahamian venture capital market, it's all in the bank assets, ”he said, it's about $ 200 billion and I think we're part of it.