Stablecoin issuer Tether (USDT) has silently resumed its secured lending services less than a year after publicly announcing that it would remove it this year.
Using Tether’s quarterly financial update, the Wall Street Journal reported that the stablecoin’s issuer loan assets increased to $5.5 billion as of June 30 from the $5.3 billion recorded in the previous quarter. A Tether spokesperson reportedly said the increase was due to a “few short-term loan requests from clients with whom [the company] have cultivated longstanding relationships.”
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