Financial Times: Tether to deposit over $1 billion with Britannia Financial Group subsidiary

ChainCatcher news, according to a report by the Financial Times citing documents from the High Court in London, Tether has deposited over $1 billion with the financial services group Britannia Financial Group's subsidiary.

It is reported that this deposit involves a legal dispute between Britannia Financial and a company registered in the British Virgin Islands, Arbitral International. According to court documents, Tether opened an account with Britannia Financial's subsidiary in November 2021.