Celsius Feels Impact of Market Volatility, Tether Reserves Hold Strong

by Tether | Jun 13 2022

The recent events impacting the Celsius lending platform and its native token CEL are an unfortunate result of market volatility and extreme market conditions. 

While Tether’s investment portfolio does include an investment in the company, representing a minimal part of our shareholders equity, there is no correlation between this investment and our own reserves or stability. Also Tether lending activity with Celsius (as with any other borrower) has always been overcollateralized and has no impact on our reserves. 

Please visit https://tether.to/en/transparency for the most up-to-date information.

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