Migom Global Corp. (MGOM)

[MegaDeath]

Migom Global Corp. Adds USDT (Tether) to its Lineup of Convertible Virtual Currency Accounts at Migom Bank(R)

Migom Global Corp. (OTC PINK:MGOM), via Migom Bank®, demonstrates further headway in facilitating digital asset custody by adding USDT (Tether) to its lineup of cryptocurrency accounts at Migom Bank®

NEW YORK, NY / ACCESSWIRE / April 26, 2021 / The nascent cryptocurrency markets have become renowned for volatility, despite growing institutional adoption and signs of wider acceptance that virtual currencies will play an integral role in the future of the world's financial industry. Amidst the adoption lifecycle in the emerging theatre of decentralized finance, volatility amongst the speculative cryptocurrencies can undermine their utility in the short term as a means of value exchange. Due to this and other factors, there is high demand for ‘stable coins', which are pegged to another asset but still retain the inherent qualities of cryptocurrencies; transparency, low transactions costs and peer to peer remittance for everyday transactions. USDT is a very stable coins as it backed by holdings in US dollars.

Georgi Parrik, the CEO of the Company reflects on the rise of USDT "In 2021 alone we have seen the volume of Tether in the market double, this in itself is not surprising as the wider market has expanded at almost the same rate but it is notable that demand for stable coins remains high and Tether has seen record inflows." He explores the reasoning further "For new and old hands alike, Tether is a cost-effective haven in the short, medium or long term for cryptocurrency adopters who do not wish to directly exchange to a fiat currency from, for example Bitcoin. Additionally, Tether offers benefits for those who wish to take advantage of the decentralized model but retain a secure fiat bridge to traditional finance, as such, supporting custody of USDT is an attractive offering for Migom Bank customers."

The offering of USDT in the lineup of convertible digital currencies comes shortly after Migom Bank® added Ethereum to its lineup of convertible digital currencies to complement the first Bitcoin account, now over a year old. For customers of Migom Bank®, underpinned by utilisation of the ‘Cloud' as a platform for global financial service provision, customers can seamlessly exchange fiat currency into Virtual currencies as a hedge against inflation or simply to diversify their holdings, but by banking with Migom Bank®, our customers can do this safely, securely in one interface, that is regulated, with a single source of compliance.

https://www.otcmarkets.com/stock/MGOM/news/story?e&id=1874041