Tether excluded the influence of the incident with Celsius on USDT reserves

Tether said that although the Celsius cryptolending platform is part of its investment portfolio, negative events did not affect the financial stability of the issuer of the USDT stablecoin.

June 13 Celsius suspended the withdrawal of funds, exchange and transfers between accounts. Over the past 24 hours, the CEL token has lost about 41% in price and is trading at a level near $ 0.21 (Coingecko).

NEXO’s competing service has already announced the readiness to redeem the Celsius loan portfolio.

The events in Tether who influenced the activities of the Platforms were called “the result of volatility and extreme market conditions”.

Bitcoin in Какие фильмы о a day fell by more than 13%. At the time of writing, digital gold quotes are in the region of $ 23,700. The total capitalization of the crypto fell below $ 1 trillion.

In October 2021, Bloomberg said that Tether has credited a landing platform totaling about 1 billion USDT with an annual rate of 5-6%.

“Tether’s credit activity with Celsius (as with any other borrower) has always been overly provided and did not affect our reserves,” the company said.

At the time of writing, there is about 72.3 billion USDT. The second Circle Circle Consortium Circle Consortium has 54.5 billion coins.

Recall that in May Tether said that she transferred most of the USDT security to US Treasury bonds.