Tether Discloses Celsius' Loan Liquidation Process

Tether has disclosed Celsius' loan liquidation process. While Tether’s portfolio does include an investment in Celsius, representing a minimal part of its shareholder’s equity, there is no correlation between this investment and Tether’s own reserves or stability. The Tether loan that was taken out by Celsius was an overcollateralized loan denominated in BTC (130%+). The process of liquidating the collateral to cover the loan was carried out in a way to minimize as much as possible any impact on the markets. In fact, once the loan was covered, Tether returned the remaining part to Celsius as per its agreement. Celsius position has been liquidated with no losses to Tether.