Tether forms strategic alliance with former subsidiary rhino.fi
Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.
The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).
Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.
