Tether recently announced a “strategic alliance” with rhino.fi (formerly DeversiFi, formerly Ethfinex) which Tether says will “enhance liquidity” for rhino.fi’s bridging solution.
The genesis of rhino.fi is Ethfinex, a Tether sister company born from Bitfinex with the goal of eventually creating a “trustless exchange.”
Eventually, the trading volume associated with this was rolled back into Bitfinex, and on-chain token trading became the domain of DeversiFi, which was more explicitly spun off from Bitfinex in a “management takeover.”
Despite this separation, DeversiFi and Bitfinex have continued to collaborate closely, with Bitfinex and DeversiFi working together on a solution to transfer Tether tokens to DeversiFi’s layer-2 decentralized exchange.
Since then, DeversiFi has been renamed to rhino.fi, attempting to enable transactions in different tokens across various chainsincluding Tether tokens, even before this new “alliance”.
William and Christopher Harborne
rhino.fi is led by William Harborne, son of Christopher Harborne. Christopher is also sometimes known as Chakrit Sakunkrit and is a shareholder in Tether’s parent company, Digfinex.
The main Brexit donor declared itself Bitfinex, a shareholder of Tether’s parent company
Read more: BoJo donor Christopher Harborne named middleman in Tether fraud claims
Christopher is very active politically, serving as Reform UK’s largest donor and a major donor to Boris Johnson. It reportedly helped Bitfinex and Tether maintain access to the banking industry by applying for bank accounts at Signature Bank for its aviation fuel brokerage business, AML Global, which subsequently received funds from Bitfinex.
This latest “strategic alliance” follows a long history of collaboration between William Harborne, Christopher Harborne, Bitfinex, Tether and Ethfinex/DeversiFi/rhino.fi.
