The last few months, especially following the FTX collapse, have been rough for USDT as the currency has been the target of fear, uncertainty, and doubt (FUD).
Tether indicated that it would stop making secured loans in 2023 in a statement on 13 December. The USDT issuer said in an official statement that starting from 13 December and continuing until 2023, it would lower the value of secured loans in Tether’s reserves to zero.
(by Suzuki Shillsalot)
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