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Tether plans to stop using loans denominated in its tether stablecoin throughout 2023, following a report on the potentially risky practice (Wall Street Journal)

[ad_1] Wall Street Journal: Tether plans to stop using loans denominated in its tether stablecoin throughout 2023, following a report…

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Tether's reports show increasing loans denominated and payable in its own stablecoin, reaching $6.1B as of September 30, a potential risk in a crisis (Jonathan Weil/Wall Street Journal)

[ad_1] Jonathan Weil / Wall Street Journal: Tether’s reports show increasing loans denominated and payable in its own stablecoin, reaching…

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In a bankruptcy filing, Celsius says it expects ~$70M of "proceeds from repayment of USD denominated loans", which could help it operate through the end of 2022 (Krisztian Sandor/CoinDesk)

[ad_1] Krisztian Sandor / CoinDesk: In a bankruptcy filing, Celsius says it expects ~$70M of “proceeds from repayment of USD…

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