the corporate behind the most important stablecoin by market capitalization, would have allowed its prospects to ship funds via Signature Financial institution’s fee platform, which might have given it entry to US banks.
In accordance with an April 4 Bloomberg report, Tether had a pathway to the US banking system by requiring its customers to ship {dollars} through Signature’s Signet to its Bahamian associate Capital Union Financial institution. The report cites “folks with data of the state of affairs”, who added that this method was in place on the time regulators took management of Signature in March.
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