According to Odaily, Deltec Bank and Trust has sold its business line to Britannia Bank and Trust. Both banks have previously offered services to Tether and operate in the Bahamas. Julian Francis, Chairman of Britannia, clarified that the acquisition pertains to Deltec Bank’s business line, not the bank itself. Deltec Bank has played a significant role in the crypto ecosystem, providing banking services to Tether and other cryptocurrency entities at a time when many banks were hesitant to engage with them.