Tether, the stablecoin issuer, has quietly informed its clients to transfer their funds to Britannia Bank using its blockchain-based platform. This gives a clear statement of the company’s concern for tight security and reliable infrastructure. Despite the intimacy chosen in the second banking relationship in the AMH, the move ramps up regulators’ indecisiveness and anxieties over the uncertainties regarding transparency of Tether’s drastically large amount asset – . Already utilized by many U.S. crypto-based firms in colluding with offshore banking partners, the constructive trend is further experienced with “traditional financial institutions facing the itch of pressure to maximize business opportunities with out-there friendly legislations”, reports name of it source/website. More importantly, Tether’s scheme ensures that the security system, with regard to the crypto purchasing and trading services, is well-maintained.
