[Britannia acquires the business of Tether's banking partner Deltec Bank] Golden Finance reported that Deltec Bank and Trust has sold its business line to Britannia Bank and Trust; both banks have served Tether and operate in the Bahamas. Britannia Chairman Julian Francis said that the company did not acquire Deltec, but only acquired the business line of Deltec Bank. Deltec Bank was once one of the most important banks in the crypto ecosystem. After most banks refused to do business, it provided Tether with a connection to the banking system and also provided convenient services to many other cryptocurrency entities.