Noble Bank, the “non-fractional reserves” institution which was once the primary reserve bank for Tether (USDT), is facing competition from other banks amid claims it is “no longer profitable.” Non-Fractional And Non-Profitable? As Bloomberg reports October 1, Noble, registered in Puerto Rico, is now seeking a buyer on the back of the back of lax revenues stemming from 2018’s prolonged cryptocurrency bear market. Most importantly, according to an unidentified source, the bank’s major clients —Read MoreThe post Tether, Bitfinex Reportedly Deserting ‘Unprofitable’ Noble Bank appeared first on Bitcoinist.com.
