Tether Financial Statement Shows a $2 Billion Rise in USDT Loans

Tether Financial Statement Shows a $2 Billion Rise in USDT Loans.
According to a recent consolidated reserve report by Tether, the issuer of the largest stablecoin, USDT, the company has reached a two billion dollar increase in loan issuance from December 2021.

Tether’s official financial document reveals that the company hit $6.1 billion in secured loans as of September, representing 9% of its total assets, compared to the $4.1 billion at the end of 2021. Wall Street Journal (WSJ)’s reporter, Jonathan Weil, believes the increased lending of USDT tokens by its issuer heightens the risk that the company may not have enough liquid assets to pay redemptions in a crisis.

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