Tether says an over-collateralized bitcoin-denominated loan to Celsius has since been liquidated without suffering any loss.
that it did not have any exposure to Celsius,"apart from a small investment made out of Tether equity in the company." Tether said it issued a bitcoin-denominated loan to Celsius that was overcollateralized to the tune of about 130%.
“Tether returned the remaining part to Celsius as per its agreement. Celsius position has been liquidated with no losses to Tether,” the announcement stated.
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