halalmoney on Nostr: “In June 2023, Xapo became the first “fully licensed private bank” on the ...

“In June 2023, Xapo became the first “fully licensed private bank” on the planet to integrate the stablecoin USDT issued by Tether as an “alternative to SWIFT rails.” While much has been written on Xapo’s intensive efforts to safely custody their hefty stack of bitcoin for their clients… it is but one half of the critical infrastructure needed to successfully “tether” the oncoming appreciation of bitcoin the asset with the U.S. dollar system.”