Tether, the issuer of the most popular stablecoin USDT, has opened verification for new users. In addition, the company's website says that users can now take advantage of the updated platform for the direct withdrawal of USDT tokens to fiat dollars.
We have a big announcement! Today we are proud to launch a redesigned platform for the verification of new customers and direct redemption of Tether to fiat via https://t.co/XS46TbUCuL.
— Tether (@Tether_to) November 27, 2018
To find out more, head to https://t.co/Nn3WUrnRuA.
According to Tether, direct conversion was temporarily suspended earlier due to a significant increase in transactions that continued over the past year. Now, thanks to a partnership with Deltec, Tether has the opportunity to return to the “original vision”, according to which users can directly perform operations on the platform without relying on intermediaries.
Soon, the company notes, the platform will be able to directly acquire USDT tokens. To deduce Tether tokens in fiat users can only once a week.
The company also presented the tariff schedule, which shows the fees for depositing/withdrawing funds. There is a progressive scale for withdrawals. For example, if a transaction in fiat currency is from $100,000 to $999,999, then the withdrawal fee will be 0.4% (however, in any case, more than $1,000), and for depositing funds – 0.1%. If the amount is in the range of $1 million to $10 million, the commission for withdrawal will be 1%, and for input – will remain unchanged. At the same time, deposit and withdrawal of funds in USDT are free.
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