Tether Liquidates Crypto Used As Collateral by Controversial Digital Asset Lending Project

Tether Liquidates Crypto Used As Collateral by Controversial Digital Asset Lending Project


The Daily Hodl
2022-07-09 18:45:31

Stablecoin issuer Tether (USDT) says it has liquidated assets used as collateral by beleaguered crypto lending platform Celsius Network (CEL). Tether notes in a new announcement that its portfolio includes an investment in Celsius “representing a minimal part of its shareholders’ equity.” Tether highlights that the investment in Celsius has no correlation to USDT’s reserves […]The post Tether Liquidates Crypto Used As Collateral by Controversial Digital Asset Lending Project appeared first on The Daily Hodl.