Tether Pledges to Erase Secured Loans As it Rushes to Prove Solvency

The biggest stablecoin issuer in the world, Tether, has promised to ultimately stop lending money from its reserves because its mission is to rebuild trust in the cryptocurrency industry. Furthermore, Tether intends to stop supporting any secured loans in 2023. Tether Addresses FUD Around Secured Loans The stablecoin issuer acknowledged recent mainstream FUD fear, ambiguity, and doubt over its secured loans in a post on December 13, and additional FUD circulated on the scandal. In addition to reiterating that its secured loans are excessively collateralized and backed by highly liquid assets, Tether said that the company will be removing these The post Tether Pledges to Erase Secured Loans As it Rushes to Prove Solvency appeared first on Cryptoknowmics-Crypto News and Media Platform .