{"id":5379,"date":"2020-07-23T12:09:48","date_gmt":"2020-07-23T05:09:48","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=5379&lang=en"},"modified":"2024-05-24T09:14:43","modified_gmt":"2024-05-24T02:14:43","slug":"cash2vn-enables-tether-usdt-for-remittances-to-vietnam","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/cash2vn-enables-tether-usdt-for-remittances-to-vietnam\/","title":{"rendered":"Cash2VN enables Tether (USDT) for remittances to Vietnam"},"content":{"rendered":"

USDT (Tether) – the most popular Blockchain-based Stablecoin – can now also be used to send remittances to any bank account in Vietnam<\/span><\/p>\n

<\/p>\n

Following suit last week\u2019s announcement by mother company BitcoinVN,\u00a0<\/span>Cash2VN<\/a><\/span> enabled the ability for its clients to send remittances to Vietnam via USDT (Tether).<\/span><\/p>\n

\u201cWe have observed a dramatic increase in usage of Tether over the past year so it was a logical step toadd support for it to our range of services. Customers generally prefer to use Stablecoins for purely transactional purposes since volatility is no longer a concern – while service providers are able to offer tighter spreads due to the absence of volatility risk and the cost of hedging that goes along with it.\u201d<\/span>\u00a0said\u00a0<\/span>Bao Phuong Nguyen<\/a><\/span>, the CEO of\u00a0<\/span>BitcoinVN<\/a><\/span>\u00a0who also heads the\u00a0<\/span>OTC desk<\/a><\/span>\u00a0of their operation.<\/span><\/p>\n

 <\/p>\n

\"BitcoinVN
BitcoinVN CEO\u00a0Bao Phuong Nguyen<\/a><\/figcaption><\/figure>\n

Cash2VN users have the ability to send remittances<\/a> or pay bills to any recipient who has a Vietnamese bank account.<\/span><\/p>\n

\"Send
Send money to Vietnam – fast & easy via Cash2VN<\/a>; now with USDT (Tether) support!<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

USDT (Tether) – the most popular Blockchain-based Stablecoin – can now also be used to send remittances to any bank account in Vietnam<\/p>\n","protected":false},"author":11,"featured_media":5406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,10549],"tags":[],"class_list":["post-5379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoinvn-business","category-featured-sub-panel"],"yoast_head":"\nCash2VN enables Tether (USDT) for remittances to Vietnam<\/title>\n<meta name=\"description\" content=\"USDT (Tether) - the most popular Blockchain-based Stablecoin - can now also be used to send remittances to any bank account in Vietnam\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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