Britannia acquires business line of Tether partner bank Deltec Bank

Odaily News Deltec Bank and Trust has sold its business line to Britannia Bank and Trust, both of which have served Tether and operate in the Bahamas. Britannia Chairman Julian Francis explained that Britannia did not acquire Deltec, but the business line of Deltec Bank. Deltec Bank was once one of the most important banks in the crypto ecosystem. After most banks refused to do business, it provided Tether with a connection to the banking system and also provided convenient services to many other cryptocurrency entities. (Protos)