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

Wall Street Journal:

Tether plans to stop using loans denominated in its tether stablecoin throughout 2023, following a report on the potentially risky practice  —  The rapid growth of Tether’s lending program raised concerns about its ability to meet redemptions in a crisis  —  FTX Collapse Hearing: Key Moments From John J. Ray’s Testimony

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