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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.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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