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News Explorer — Tether Has Resumed Offering USDT Stablecoin Loans, Reversing Earlier Commitment

Generated by AI, curated by humans

Sep 21, 4:22 pm
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Tether Has Resumed Offering USDT Stablecoin Loans, Reversing Earlier Commitment

Tether has resumed providing new loans denominated in USDT to clients, despite previously announcing its intention to discontinue offering collateralized loans in 2023. The company's latest financial update shows an increase in USDT-denominated loans, with $5.5 billion in loans as of June 30. Tether claims that the loans were made to prevent customer liquidity depletion and to assist clients in avoiding selling collateral at unfavorable prices.

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