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Tether to wind down lending of own stablecoins
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Tether said it is winding down its practice of lending out its own stablecoins to customers by next year, addressing a broad risk to the wider crypto world.
In a blog post published on its website on 13 December, the company said it would reduce secured loans issued and denominated in tether to zero throughout 2023.
The growth in Tether’s...
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