Controversial Stablecoin Tether Confirms New Banking Partner Deltec After Weeks of Rumors

The issuer of cryptographic stablecoin Tether (USDT) announced it had found a new banking partner in a statement Nov. 1, confirming rumors it would use Bahamas-based Deltec Bank & Trust.

Tether, which had suffered from mixed publicity after allegations it had parted ways with previous financial institution Noble Bank