TETHER LEANING ON BAHAMAS-BASED BRITANNIA AS US BANKS CUT CRYPTO TIES

Summary from the TLDR Crypto newsletter

Private bank Britannia Bank & Trust has reportedly recently started working with stablecoin issuer Tether. This relationship allows Tether to make dollar transfers, strengthening its access to traditional banking systems. Tether's banking relations have largely remained undisclosed, which has sparked industry speculation over the years. Despite facing regulatory hurdles and allegations of misleading investors about its reserves, Tether has been gaining significant share of the stablecoin market this year.