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

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, 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