Bloomberg: Tether has led $1 billion of cryptocurrency Celsius Network Credctor – Bits Media

Tether company, Impress Amiter USDT, Landed $1 billion of cryptocurrency Celsius Network Credctor, which last month has encountered regulatory problems.

According to Bloomberg publication, CEO CELSIUS NETWORK Alex Tashinsky confirmed, that the company pays Tether interest rate in the amount 5-6% For the resulting loan. Recall, that last summer Tether headed the round of financing Celsius Network in the amount $30 million.

Last month, the Kentukki banking regulator banned the Celsius Network Cryptocurrency Credit Platform to provide services in the state, Having accused her of the sale of unregistered securities. The regulator said, that some company products violate the laws of securities, and the company did not notify customers about that, what happens to their deposits and whether they are protected in accordance with state regulation.

Bloomberg investigation showed, that Tether has led billions of dollars cryptocurrency companies, using BTC as a collateral. According to the publication, Tether reserves include short -term billions of dollars to large Chinese firms, that some experts suggested earlier.

In response to the publication, Tether described the investigation of Bloomberg as a “one -act play, which the industry has seen more than once ".

“This article is nothing more than an attempt to perpetuate the false and outdated story about Tether, based on hints and misinformation, who were shared by dissatisfied people, not participating in business operations and do not know them directly ", - says in the company's statement. “This is another attempt to undermine the position of the market leader, whose track record in the field of innovation, liquidity and success speaks for itself ".

Recall, that previously Tether has repeatedly appeared in the epicenter of conflicting and suspicious events, unfolding in the cryptocurrency industry.