Financial Times: Tether to hold over $1 billion in Britannia Financial Group subsidiary.
BlockBeats News, November 21st - According to a report by the Financial Times citing London's High Court documents, Tether has deposited over $1 billion with Britannia Financial Group's subsidiary. The deposit is said to be related to a legal dispute between Britannia Financial and Arbitral International, a company registered in the British Virgin Islands.
According to the court documents, Tether opened an account with Britannia Financial's subsidiary in November 2021.