Tether (USDT), the largest stablecoin issuer in the world, is finding its banking partner, Britannia Financial, at the center of a legal battle. Arbitral International, a British Virgin Islands corporation, is suing Britannia over a $1 billion Tether deposit.
Tether’s Banking Choice Backfires
According to a recent Financial Times report and court filings in the High Court of Justice in London, Tether has a deposit of over $1 billion with a subsidiary of Britannia Financial…
