Capital Union, Tether’s (USDT) Reported Bank Partner

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Martin Everson

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Jan 2, 2018
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Someone tell me this story is not true? eek¤%&

I know Capital Union Bank since they‌ started and its Union Capital Group. In fact I know someone quite well who‍ works/worked for the group (not bank). Let me be diplomatic and not libelous and just⁠ say - I hope a leopard can change its spots and not just move from⁤ central Europe to the America's. Nuff said.

This is not gonna end well at all⁣ for the Bahamas if it goes wrong. Time to move residency I think.

https://www.cryptured.com/capital-u...bank-partner-embraces-tether-s-crypto-agenda/
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Tether has been in the news a lot recently due to the crash⁢ of the USDT, a stable coin. It was supposed to have a value of $1︀ but recently fell to as low as $0.07. Capital Union, the bank based out of︁ Bahamas and Tether’s banking partner recently said that they are behind Tether and agree with︂ their future goals.

They have rolled out new crypto trading services and now offer them︃ at their trading desk too. You can now call the bank and talk to a︄ spokesperson about the various crypto options that there are.

The firm’s representative said that as︅ of now the services will be available to only a few select custodians and will︆ make up for a very small proportion of their business. They have not yet clarified︇ as to which cryptocurrencies they will be working with or when the services will be︈ launched.

A transactional blockchain is also being developed to aid the bank and they say︉ that this will be a disrupting interface for the whole world of finance. These claims︊ after the USDT crashed and Capital Union disclosed that Tether held some of its reserves︋ in their bank.

With major banks also now pushing crypt to their customers, it shows︌ that the financial regulators are also now warming up to cryptocurrencies. This means that crypto︍ is now being seen as a legitimate long-term investment and plan and you should add︎ some to your portfolio too. With all major cryptocurrencies down you can make a crypto️ portfolio for cheap and reap the benefits later on.

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Tech and Financial Literacy in Journalist now a day is close to zero. If you‌ research deeply You find many funny story in every country in the world
 
I checked my USDT several times yesterday after this post, I failed to see where‌ it crashed. as @JohnnyDoe said it is not USDT but UST doh948""
 
Tether usdt proved to be very resilient this year, withstanding all this⁠ fud.
ust and celsius were the weak new links.
 
Is Tether using Capital Union bank is what I am interested in not the rest‌ of story. My bad should have made that clear 🙄.

Can anyone confirm this is‍ true?

I know they use Deltec bank but I know nothing about Deltec out here⁠ but I do about Capital Union sadly.
 
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