Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves. Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.In a statement issued Friday, Tether explained that its lending arrangement with Celsius prevented any downside risk to its underlying business. Specifically, the BTC-denominated loan issued to Celsius was overcollateralized by 130%, and the original agreement allowed Tether to....


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