Tether published a response addressing concerns related to its stablecoin lending activities.
highlighted that the issuance of new loans was confirmed by a Tether spokesperson, Alex Welsh.
The latest financial quarterly report released by the company stated that the total value of its loans amounted to $5.5 billion as of June 30. This represented a slight uptick from the previous quarter’s figure of $5.3 billion. This isn’t the first time that the WSJ raised doubts about Tether’s capability to fulfill redemption demands during periods of financial turmoil. In December 2022, a
However, the company has pushed back against the narrative presented in the latest article by questioning the motivations behind media coverage and suggesting that there may be attempts to manipulate public perception.to the WSJ report, Tether defended its action to resume stablecoin lending activities and emphasized its commitment to the security and stability of its operations.
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