Deltec chairman confirms the authenticity of Tether's banking relationship letter

Last week, Tether Limited, the company issuing the USDT stablecoin, released an official statement confirming that Deltec Bank has accepted Tether as a client. Tether also uploaded a letter from Deltec Bank dated November 1, 2018, which includes an attestation that on October 31, 2018, Tether's portfolio cash value was $1,831,322,828. While some members of the crypto community scrutinized the letter, Jean Chalopin, chairman of Deltec Bank, confirmed to CoinDesk that "the letter published by Tether is authentic." (Source: CoinDesk)