Reported WSJ, Tether has resumed lending its USDT to customers. The report cited that the move comes less than a year after Tether had announced its intention to wind down the practice.
Tether stated that the decision to resume lending was prompted by short-term loan requests from longstanding clients and the company commit to eliminate these loans by 2024. Tether's goal is to prevent a significant depletion of customer liquidity or to prevent customers from selling collateral at potentially unfavourable prices and potentially incurring losses."
<img src="https://s2.tokeninsight.com/static/calendar/img20230921062152e31850bb-4654-4780-bfff-38fd80c95fc3.jpg">
Tether's current reserve assets consist mainly of cash and short-term U.S Treasury Bills. The secured loans exposures have been a concern among crypto investors as these loans have the potential risk of default and could potentially destabilise USDT.
<img src="https://s2.tokeninsight.com/static/calendar/img20230921062225db847364-25a8-46c6-b24e-422e1c7eb9f1.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Tether Resumed Lending its $USDT to Customer

TokenInsight

المزيد من المقالات نُشرت في ٢١ سبتمبر ٢٠٢٣

Tether Freezes Remitano Funds: Is Your Crypto Safe? USDC Launches on Near Protocol, Kangamoon P2E...

Bitcoin pioneer Hal Finney talks zk proofs in 25-year-old unearthed footage

Moondance Labs Introduces Tanssi ContainerChains: The Next Phase in Appchain Deployment

How Bitcoin debunks energy concerns while sustaining growth

Crypto portfolio managers exploring Cosmos, Aptos, and Tradecurve Markets

Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.