Controversial stablecoin issuer, Tether Ltd. (USDT), had announced on November 1st that Bahamas-based Deltec Bank & Trust is its new banking partner. On November 6th, Brazilian news outlet, O Globo, reported that Deltec bank may have accepted laundered funds. The Federal Public Prosecutor's Office in São Paulo, Brazil is actively looking for Paulo Vieira de Souza, the former director of the São Paulo road infrastructure company (DERSA). De Souza is suspected of laundering about $25 million - which may now be held at Deltec bank.
