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Unlike banks, which require know-your-customer (KYC) information prior to opening an account, a significant number of crypto exchanges offer tether (USDT) bonuses for submitting KYC information like name, address, ID card, and contact information. To be clear, these KYC bonuses are not account opening bonuses. In many cases, crypto exchanges allow customers to open small accounts and trade without submitting any KYC information. Moreover, the tether bonus doesn’t require any bank-like task, such as signing up for direct deposit or holding a large initial balance. Rather, this tether bonus is simply for submitting a valid ID card. Therefore, although it’s commonplace for banks to offer an account opening bonus for customers who complete significant banking tasks, US banks typically do not pay anything for simply opening an account and submitting an ID card. Moreover, a US bank may not open an account without an ID card; KYC documentation is federally mandated. Similarly, ...

Nepalese police have uncovered an international gang of gold smugglers that secretly moved over 33kg of gold into the country in exchange for $16 million worth of Tether ( USDT ). According to local media, Dolakha police held a press conference on Tuesday detailing how the gang moved the gold through the Lamabagar border checkpoint with China between November 2022 and September 2023. Police revealed that over the course of a year, the gang sold the gold for Rs. 2.19 billion ($16 million) worth of USDT using 12 crypto wallets. Police also reportedly revealed that the crypto might be linked to illicit activities separate from the gold smuggling. The smugglers are said to have employed children to help hide the gold inside potato and flour sacks before transporting it to Nepal’s capital, Kathmandu. Tether’s history with China goes far beyond commercial paper Read more: Brazil gang caught laundering illegal gold with crypto In return, the smugglers reportedly sent the s...

Tether Profit and Earnings Details According to the details, Tether ended the first quarter of 2023 with $81.8B in consolidated total assets, the vast majority of its reserves are invested in US Treasury Bills. Remarkably, Tether’s outstanding performance is proof of clients’ trust, allowing Tether to be quite hopeful about the future. advertisement Notably, Tether’s Consolidated Reserves Report (CRR) also revealed that Tether’s consolidated assets once again exceed its consolidated liabilities. The total aggregate assets of the Group total at least $81,833.149,345, while total liabilities amount to $ 79,390,359,036 of which US$ 79,372,401,626 relates to digital tokens issued. While commenting on the update, Tether’s CTO, Paolo Ardoino highlighted that the firm’s net profit is evidence of the platform’s strength and stability. Additionally, Ardoino stated that the firm will continue to assess the risk-adjusted return on a...