The largest stablecoin issuer Tether (USDT) has allegedly accessed the US banking system through the crypto-friendly Signature Bank, which was recently seized and subsequently sold.
Bloomberg cited testimonies from sources familiar with the subject. April 4 In his news dated Tether‘of US Dollar assets in in the Bahamas banking partner Capital Union Bankto transfer to Signature Bank‘s payment system SigNetHe said he used the .
New York Department of Financial Services (NYDFS) confiscated by Signature Bank In history available the operation continues suggested by the sources. claims was among.
Tether And Signature Bank possible between business connection to the laws not inconsistent however, such information not disclosed high risky to applications he pointed expressed.
An explanation on the subject Tether spokesperson, the company always to various banking channels And to opposing parties stating that you have partner organizations directly. or indirect somehow to Signature Bank not exposed to expressed.
on the other hand March any business connection between Tether and Signature Bank that there is no Tether CTO, who said Paolo Ardoino statements on the allegations repeated and Bloomberg misleading news accused of doing it.