As with any communication from Tether these days, a letter from Bahamas-based Deltec Bank has seemingly been parsed as closely as a passage from holy writ.
Commentators on Twitter and elsewhere picked apart every one of its fewer-than-100 words, including the non-committal wisp of a signature – which inevitably became a meme and the subject of parody – and even the document's metadata.
In releasing the letter this week, the controversial stablecoin issuer was trying to allay concerns about its banking situation by confirming its previously rumored relationship with Deltec and showing proof that it has enough money to fully back the tether (USDT) tokens in circulation.