People familiar with the matter: Tether is processing its US dollar transfer business through Bahamian private bank Britannia Bank & Trust

Odaily Planet Daily News According to people familiar with the matter, Tether is processing its US dollar transfer business through the Bahamian private bank Britannia Bank & Trust. While it’s not clear when the banking relationship began, in recent months Tether has directed customers to wire funds into Britannia’s bank account, the people said. It is worth mentioning that Tether has not publicly disclosed the full extent of its banking relationship. In addition, before the closure of Signature Bank in March this year, Tether customers could send US dollars through Signature Bank to Capital Union Bank, one of Tether's banking partners, to pay fees. (Bloomberg)