Community Trust ScoreLikely Real
Tether Expressed: In order to assist cryptocurrency exchanges, digital wallet providers, and financial institutions with the new FATF Travel Rule requirement, Tether will begin testing the Notabene platform.
NOTABENE is all set to make it possible for Tether (USDT) to Test Complex Crypto Use Cases. They will be doing it in a collaborative low risk environment. To provide for customer protection, particularly as it pertains to transactions facilitated by Virtual Asset Service Providers (VASPs). Tether will use Notabene’s solution to see how it can send other VASPs the required identifying information regarding its customers in a secure manner.
Leonardo Real, CCO of Tether, “As pioneers of blockchain technology and leaders in transparency, we are dedicated to not only keeping up with new rules but helping shape them. Because the Travel Rule traditionally applies to financial institutions, we see this as an opportune moment to foster cooperation across traditional and digital channels in order to create better services for customers globally. We are proud to lead the charge on behalf of all stable coins in order to make a positive change towards protecting our clients.”
Pelle Braendgaard, CEO of Notabene expressed, “Notabene is excited to help Tether bring out FATF crypto Travel Rule compliance across its global network, leading to a safer and more regulatory compliant crypto world.” Further stated, “Tether’s stablecoin has rightfully cemented its role as a core part of the global crypto industry.”
Community response: UST is still pegged to USD, which means its value is still influenced by the FEDs. RAI is the true decentralized stablecoin, not pegged to anything but its value is stable.
I love such news because I have been using USDT for a long time and I like to watch its development.
Cryptocurrencies to eliminate the class gap, this is a move of oppression against people who are in the yoke of despotic governments, please don’t do that, it’s the voice of millions of people who are in tyranny.
Money laundering will happen regardless of Tether’s existence. And KYCing large TXs that trusted stablecoins to be trustless is a betrayal of what crypto brings to human sovereignty.
USDT is a U.S. dollar token. Each token has a guarantee of 1 U.S. dollar, and there is no need to worry about falling losses. is that so?
Notabene platform = Not a [good] platform? Paolo sending a message? Look no further than UST for a truly decentralized stablecoin for a decentralized economy of the future.
