TechFlow news — Tether stated that the recent events affecting Celsius and its native token CEL are unfortunate outcomes resulting from market volatility and extreme market conditions.
While Tether's portfolio does include an investment in Celsius, it represents only a very small portion of shareholder equity. This investment has no correlation with Tether's own reserves or stability.
Furthermore, Celsius’s borrowing activities involving Tether (like those of any other borrower) have always been over-collateralized, thus having no impact on Tether’s reserves.
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