As per its agreement, Celsius's bitcoin position 'has been liquidated with no losses to Tether,' the stablecoin issuer said on Friday.
said the loan was overcollateralized by more than 130%. “The decision to liquidate the collateral to cover the loan was a part of the original terms of the agreement between the two entities and reconfirmed in writing before the start of the liquidation event,” Tether detailed. The stablecoin issuer added:
Stablecoin Issuer Says Tether Critics ‘Have No Understanding of How Lending, Borrowing, and Risk Management Work’
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