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Tether to reduce secured loans to zero in 2023 amid battle against FUD

Published 12/13/2022, 11:38 PM
Updated 12/14/2022, 01:20 AM
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The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith" in the crypto market.

In a Dec. 13 post, the stablecoin issuer addressed recent mainstream media FUD (fear, uncertainty, and doubt) concerning its secured loans, among other FUD which have hit the "rumor mill."

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