New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank, technology-focused news outlet Coindesk reported on July 10.
Tether and its affiliated companies have reportedly had accounts with Metropolitan Commercial Bank for almost half a year, and now the financial institution has reportedly requested that Tether close its three accounts. A bank’s spokesperson told Coindesk that Tether has not shown much activity with the accounts since their establishment. The spokesperson said: