Tether reportedly shuts USDT redemption for some Singapore customers
In an email, Tether said Cake DeFi is controlled by “another corporation that resides in Singapore,” precluding it from redeeming USDT. Tether CTO Paolo Ardoino says this has been in place since 2020.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In an email, Tether said Cake DeFi is controlled by “another corporation that resides in Singapore,” precluding it from redeeming USDT. Tether CTO Paolo Ardoino says this has been in place since 2020.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
USDT vs. USDC: What Backs Them and How Dollar Redemptions Work
Tether publishes a $100,000 minimum for direct redemption. Circle Mint serves institutions, while a separate European policy provi...
Wallet-Drainer Attack on DeFi Front Ends Traces to Name.com, With Cause Still Unclear
Domain registrar Name.com said on Saturday that a number of domains on its platform “were improperly redirected late Friday as par...
Binance Withdrawals Top FTX Levels in November, but Crypto Liquidity Defies Panic
Binance withdrawals surged into the billions after a record-breaking $6.3 billion hack, bringing back memories of FTX’s November 2...
What Is RLUSD? Ripple’s Stablecoin Backing and Redemption Explained
Direct dollar redemption requires an approved customer relationship. Exchange sales and Earn lending deposits follow different rul...
Tether-Backed FASE Foundation Targets Scams and Stablecoin Aid
TL;DR: Named founding stakeholders include Anchorage Digital, Bybit, Chainalysis, Payward, Opera and the Solana Foundation; the Un...
RedStone releases DeFi distribution playbook for RWA issuers
RedStone's playbook could significantly boost DeFi integration for RWAs, enhancing liquidity and accessibility, potentially transf...