Tether responds to "lending stablecoins again": still committed to removing collateralized loans from reserves

ChainCatcher news, Tether responded to The Wall Street Journal's report about Tether issuing new loans again, stating that Tether has accumulated over $3.3 billion in excess reserves to effectively reduce the ultimate risk of secured loans, and Tether remains committed to removing secured loans from its reserves.

Tether condemns The Wall Street Journal's attempt to tarnish Tether's reputation and mislead users about Tether's safety.

Previously, the WSJ reported that Tether has once again lent stablecoins to clients, whereas less than a year ago, the company stated it would gradually reduce this practice.