Tether Holdings has resumed the lending of its stablecoins in the form of secured loans to clients after announcing that it is set to wind down this p
Tether Holdings has increased the issuance of secured loans to its clients in Q2 despite intentions to reduce loan exposure, the WSJ reports.
The news stirred criticism from crypto influencers on X. Tether reiterated in a statement its commitment to reduce secure loan reserves to zero and accused The Wall Street Journal of tarnishing its reputation. Tether’s secured loan book grows Tether acknowledged that its exposure to secured loans is not ideal, reassured the market of its commitment to reduce the exposure to zero.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tether stablecoin loans rise in 2023 despite downsizing announcement in 2022Tether’s secured loans were always shrouded in controversy due to a lack of transparency on the collateral and the borrowers.
Weiterlesen »
AI’s New Backer: Stablecoin Tether Makes A $420 Million Bet On Cloud GPUsThe so-called stablecoin has bankrolled German bitcoin miner Northern Data’s pivot to powering AI startups with a purchase of 10,000 of Nvidia’s top of the line AI chips.
Weiterlesen »
Tether authorizes $1B USDT to 'replenish' Tron networkTether has created $1 billion worth of “authorised but not issued” USDT to replenish the Tron network for future issuance requests and chain swaps.
Weiterlesen »
Tether Is Lending Its Stablecoins AgainThe cryptocurrency issuer had said it would cut loans to zero in 2023.
Weiterlesen »
South Korean taxpayers declare overseas crypto holdings worth $98.5 billionA total of 1,432 individuals and companies reported their overseas crypto asset accounts, the tax agency said.
Weiterlesen »
Klaviyo, Instacart and Arm Holdings slide premarket as shine comes off recent crop of IPOsThe three recent deals are all showing signs of fatigue.
Weiterlesen »