• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

    2023-03-31

    Market At Risk As Easy Cash Era Comes To An End

    2023-03-30

    Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

    2023-03-30

    Bitcoin Price Shoots Past $28,500, Key Support and Resistances

    2023-03-30

    Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

    2023-03-29
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Candy Digital Pushes Forward With New MLB NFTs After Fanatics Divestment

    2023-03-29

    Pussy Riot Protest Art NFT Triggers Russian Criminal Charges

    2023-03-29

    At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

    2023-03-29

    Art Blocks Debuts NFT Marketplace With Enforced Creator Royalties

    2023-03-29

    Degens ‘Ran Away With the Narrative’ on Gitcoin’s NFT Drop With Vitalik, Says Founder Kevin Owocki

    2023-03-29
  • Metaverse

    Siemens and MIT Tech Review Probe ‘The Emergent Industrial Metaverse’

    2023-03-30

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20
  • Analysis

    Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

    2023-03-31

    Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

    2023-03-31

    Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

    2023-03-30

    Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

    2023-03-30

    Algorand price surges over 12%

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18
  • Market Cap
The Crypto News Insider
Home»Bitcoin»Tether Liquidated its Loan With Celsius Network Without Losses, Admits it Has an Investment in the Lending Platform
Bitcoin

Tether Liquidated its Loan With Celsius Network Without Losses, Admits it Has an Investment in the Lending Platform

2022-07-08No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Abstract:

  • Tether has launched an announcement explaining the way it liquidated its mortgage with Celsius Community.
  • Based on Tether, the mortgage was liquidated with out losses to the corporate and in keeping with an settlement by each entities.
  • The mortgage was denominated in Bitcoin, with some estimates placing its worth at $1 Billion.

Tether, the corporate behind the most important stablecoin when it comes to market cap, USDT, has launched an announcement explaining the way it liquidated a mortgage that Celsius Community took out.

Tether Liquidated Celsius’ Mortgage With out Losses.

According to the group at Tether, the liquidation ‘was carried out in a approach to decrease as a lot as attainable any influence on the markets.’ After the mortgage was lined, Tether returned the remaining funds to Celsius Community per the preliminary settlement between the 2 entities. As well as, Celsius’ place was liquidated with no losses. Moreover, the mortgage is alleged to have been price an estimated $1 billion.

Celsius Community’s Mortgage Was Overcollateralized and Denominated in Bitcoin.

The group at Tether additional knowledgeable the crypto and investor communities that the Tether mortgage taken out by Celsius was denominated in Bitcoin and overcollateralized by an element of over 130%. They once more reiterated that the choice to liquidate the mortgage’s collateral was mutual between the 2 corporations.

Tether Has an Funding in Celsius Community that’s Not Linked to USDT’s Reserves.

Tether’s group additionally revealed that the corporate has an funding within the Celsius Community. Nevertheless, they defined that it was a minimal a part of shareholder’s fairness and separate from USDT’s reserves. They defined:

Whereas Tether’s portfolio does embody an funding in Celsius, representing a minimal a part of its shareholder’s fairness, there isn’t a correlation between this funding and Tether’s personal reserves or stability.

Tether Has Ris Measurement Processes. The Media is Wrongly Fixated On the Firm.

Within the concluding a part of Tether’s assertion clarifying its hyperlinks with the Celsius Community, the group identified that the corporate had ‘developed a set of danger metrics and danger measurement processes, which permits the funding and monetary groups to judge the chance of any of the corporate’s monetary interactions.’

See also  Tencent Shuts Down China NFT Platform Citing Increasing Scrutiny

They went on to reprimand the media and Tether’s critics of being ‘wrongly fixated’ on the corporate and its operations.



Source link

Admits Celsius Investment Lending Liquidated Loan Losses Network Platform Tether
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Market At Risk As Easy Cash Era Comes To An End

2023-03-30

Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

2023-03-30

Bitcoin Price Shoots Past $28,500, Key Support and Resistances

2023-03-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Yuga Labs tech demo draws thousands of Otherside land holders

2022-07-06

‘Programmable money should terrify you’ — Layah Heilpern

2022-08-18

Regulatory Ambiguity Means NFT Projects Must Be ‘Very Careful’

2022-10-28

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,058.00-2.18%
  • ethereumEthereum(ETH)$1,804.24-0.08%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.00-0.14%
  • binancecoinBNB(BNB)$316.12-0.49%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • rippleXRP(XRP)$0.53-2.15%
  • cardanoCardano(ADA)$0.3946663.90%
  • staked-etherLido Staked Ether(STETH)$1,799.78-0.18%
  • dogecoinDogecoin(DOGE)$0.0758170.62%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}