As our customers and others in the blockchain space may have recently experienced, Tether is currently expecting continued delays in processing international wires to and from users. Blockchain-based withdrawals and deposits are in no way affected. The Tether Reserve remains in surplus of the 1:1 backing of USDT and has more than the necessary currency on deposit to redeem all existing tethers.

Since April 18, 2017, all incoming international wires to Tether have been blocked and refused by our Taiwanese banks. As such, we do not expect the supply of tethers to increase substantially until these constraints have been lifted.

For customers with bank accounts in Taiwan, we are currently experiencing no
difficulties or delays in funds transfers in USD, with deposits and withdrawals functioning as expected.

For customers with bank accounts outside of Taiwan, we are diligently pursuing alternate funding channels. New banking corridors are in the process of being established, and we are speaking with integrators of USDT about the possibility of intermediate customer redemption processes.

Until then, we are asking our customers not to send any additional incoming wires until we can provide a reliable method of receiving funds. Any incoming wires will be returned to their original sending account, which may result in fees levied by your bank.

As additional progress is made, we will keep our customers and the community up to date with developments.

We are immensely grateful to the community for standing with us against unreasonable attempts to disrupt and discredit the legal and responsible business of reputable, innovative companies like us and other exchanges in the blockchain space.

First they ignore you, then they laugh at you, then they fight you.

In this together,

The Tether Team

latest news

Tether Collaborates with TON Foundation and Oobit To Create Seamless Crypto-Payment Solution

16 May 2024 —Tether Operations Limited, the largest company in the digital asset industry, is joining forces with Oobit, a mobile payment app, and the TON Foundation to revolutionize the use of cryptocurrencies as a means of payment, offering users a seamless and convenient way to transact.  This collaboration reaffirms Tether’s unwavering commitment to providing a […]

Learn more
Tether Signs MOU With RAK DAO To Develop Educational Initiatives on Bitcoin and Stablecoins in the Ras Al Khaimah Region

14 May 2024 – Tether Operations Limited, the largest company in the digital asset industry, announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of Bitcoin technology and stablecoins in Ras […]

Learn more
Tether and Bitnob Collaborate to Educate Ghanaian University Students on Bitcoin and Stablecoins

9 May 2024   – Tether Operations Limited, the largest company in the digital asset industry, and Bitnob, a financial technology company that enables payments into mobile money wallets and bank accounts, are announcing a strategic collaboration aimed at promoting financial education on Bitcoin and Stablecoins in Africa.   The collaboration will feature a series of […]

Learn more
Read all news