Having had a difficult time in the last few days, however, he paid off his debt to Maker yesterday. For your 22,000 Bitcoins reunited Celsius remains on the agenda.
Coming from the brink of bankruptcy The last statement regarding Celsius came from Tether.
In the statement, it was stated that Tether has an investment in Celsius that will not affect its stability and that it has been successfully liquidated.
The description is as follows:
“Tether has never compromised the integrity of its reserves. This has been proven time and again not only by the ability to never refuse a refund, but also by the absolute transparency of its reserves.
The Tether loan obtained by Celsius was an over-collateralized loan in BTC (130%+) and the decision to liquidate the loan was part of the original terms of the agreement between the two entities.
This process was carried out in such a way as to minimize the impact on the markets as much as possible, and in fact, Tether returned the remainder to Celsius after the loan was closed as per its agreement. The Celsius position was liquidated without any loss in Tether.
Recent crypto market events have shown that while the media, critics, and the community are stuck with Tether, other lenders are clearly offering lending opportunities with almost zero collateral. This goes against the strict regulatory practice that the industry has set as a standard.”