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Tether adds Bahamas-based private bank Britannia as partner: Report

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Published Aug 29, 2023 06:56PM ET Updated Aug 29, 2023 08:40PM ET

Tether adds Bahamas-based private bank Britannia as partner: Report

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.

It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, according to an Aug. 29 report by Bloomberg, citing people familiar with the matter.

USDT’s change in market cap over the last 12 months. Source: CoinGecko

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Tether adds Bahamas-based private bank Britannia as partner: Report

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