TechFlow News — In response to a claim in the Celsius bankruptcy examiner's report stating that "Tether was one of Celsius' borrowers," Tether CTO Paolo Ardoino clarified that Tether never borrowed from Celsius, and the investigator mistakenly recorded loans made to Celsius as loans taken from Celsius.
In a July 2022 statement, Tether said it had liquidated its loans to Celsius without incurring any losses, though it did not disclose the dollar value of those loans.
Meanwhile, Tether announced it would discontinue its secured lending business in 2023.Original link
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