Tether (USDT), one of the world’s largest stablecoin issuers, has announced that it plans to end all lending activities in 2023.
Tether December 13 In a statement published on its official website on restore faith to establish of critical importance stated that he has For this purpose, the company in 2023 lending from reserves will end explained. Experts say that the stablecoin issuer, whose security is often questioned, has taken this move. In response to the WSJ’s claims He thinks he did it for the sake of giving.
In the company statement, the current open loans oversecured, to high liquidity consists of assets that own recall all loans and ending credit operations stated their aim.
In addition, Tether has been the last since its inception. 8 years that he is dealing with many FUDs, he manages his business professionally and you proved them all wrong expressed. Tether has in the past been the company’s reserves. 70% of at Evergrande, the company 0.3% If it loses, it will be technically bankrupt and the company will independent auditors claims will not be allowed to be audited by to refute them all drew attention.
The statements made are more than selling stablecoins to Tether’s customers, which WSJ has recently published. interested in lending and this situation affecting the liquidity position. a possible amortization as a result unsuccessful It came shortly after the report suggested it might be.