Popular stablecoin provider, Tether, has unveiled modifications to its service terms in Singapore, potentially affecting a wide range of its clientele, including the DeFi company, Cake DeFi. Julian Hosp, the CEO of Cake DeFi, disseminated an email he obtained from Tether. It was outlined that Tether can no longer convert its stablecoin, USDT, back to U.S. dollars due to adjustments in its terms. Hosp, seeking clarity regarding the situation, expressed uncertainties on whether his Singapore-based firm, Cake DeFi, could still process USDT into U.S. dollars. The crux of Tethers altered...
source: https://tokenpost.com/Tether-Updates-Terms-of-Service-Impacts-Singapore-Customers-and-Cake-DeFi-10725
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