Tether Dismantles Rumors, Claims Zero Lending Exposure to Celsius and Three Arrows Capital

Tether, the company behind the world’s most popular stablecoin (USDT), has dispelled rumors about Asian Commerical Paper backing.

Tether, one of the biggest players in the industry, has debunked some of these rumors.

Tether is aware that rumors are being spread about its commercial paper portfolio being 85% backed Chinese or Asian business papers and being traded at a 30% discount. These rumors are false and will spread to incite panic to increase profits in an already stressed market.

According to the company’s official press release, Tether almost has no exposure to Celsius.

Tether currently has no exposure to Celsius, with the exception of a small investment made from Tether equity.

The company has categorically denied claims that it had a lending exposure at Three Arrows Capital, another fund that is rumored in distress.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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