Celsius network ceo tether usdt tether

celsius network ceo tether usdt tether

However, a number of Twitter accounts posted the claims separately, one saying Celsius was “about to blow.”

El Salvador suddenly announces that due to overwhelming demand for Volcano Bonds, they’ll going to increase the bond size to two billion.

In reality it’s because Celsius is about to blow, with CFO arrested. https://t.co/d4RRcxU9Na

— Bitfinex’ed 🔥 Κασσάνδρα 🏺 (@Bitfinexed) November 24, 2021

Celsius and Tether

Tether has provided a loan to Celsius Network and was the lead investor in a US$30 million funding round in 2020.

Each Tether (USDT) is designed to be worth approximately US$1, and the asset is used as a stand-in for USD on several of the world’s largest exchanges. Its value was purportedly derived from an equivalent “real” U.S.

Celsius Network has announced a new partnership with Tether to integrate USDT into its wallet.

Thanks to this collaboration, Tether’s USDT will be fully integrated into the Celsius wallet, which allows users to earn passive income with reduced risk exposure.

USDT is the dominant stablecoin in the crypto market with a market capitalisation of over $4 billion, whileCelsius Networkis a crypto platform with its own wallet.

The integration will allow users not only to deposit USDT in the Celsius wallet but also to earn up to 12% annual interest. Interest is calculated daily and paid weekly and users can choose to earn interest on deposited cryptocurrencies, such as USDT, BTC or CEL tokens.

We found them to have the same passion and commitment to the crypto community that we have. We look forward to advancing our relationship together,” said the CFO of the Tether group, Giancarlo Devasini.

With a mission to disrupt the banking standard of financial services, Celsius welcomes the investment of Tether International, from the group that created the first and most popular and liquid stablecoin. USDt has over 9 Billion issued tokens, the highest daily volume of any crypto token, and is ranked #3 on CoinMarketCap.

About Celsius NetworkCelsius Network addresses the financial needs of today’s consumers worldwide through a high-interest income and low-cost loans accessible via a mobile app.

Celsius network ceo tether usdt tethered

In addition, Celsius’ position was liquidated with no losses. Furthermore, the loan is alleged to have been worth an estimated $1 billion.

Celsius Network’s Loan Was Overcollateralized and Denominated in Bitcoin.

The team at Tether further informed the crypto and investor communities that the Tether loan taken out by Celsius was denominated in Bitcoin and overcollateralized by a factor of over 130%. They again reiterated that the decision to liquidate the loan’s collateral was mutual between the two companies.

Tether Has an Investment in Celsius Network that is Not Linked to USDT’s Reserves.

Tether’s team also revealed that the company has an investment in the Celsius Network.

However, they explained that it was a minimal part of shareholder’s equity and separate from USDT’s reserves.

Celsius network ceo tether usdt tetherpro

They also claimed some of the money was funneled to Singulariteam.

Stox was promoted as a prediction market (and token of the same name) running on the Ethereum network. Hogeg himself has also claimed to be the victim of a crypto scam, saying he was robbed of funds when attempting to buy GRIN coins in a 2019 over-the-counter (OTC) transaction.

About Celsius Network

Celsius has been referred to as a “sort-of cryptocurrency bank” holding 40% of its deposits in BTC and 30% in ETH. What makes it bank-like is that its deposits can be loaned out, earning their original holders 5-12% yearly interest.

That large interest rate has led to allegations that Celsius is operating a kind of Ponzi scheme, something its executive team has denied.

Celsius network ceo tether usdt tethering

The Celsius wallet currently supports 19 currencies including ETH, LTC, as well as BTC and USDT.

Lending can also be done in Tether

Tether has also been added as the currency for the loans offered by Celsius Network, which means that users can now borrow USDT at interest rates of 3.46% per annum by offering adequate collateral in digital assets.

Celsius recently reduced the minimum loan threshold to $1,500 to make it accessible to a wider audience.

Since July 2018, more than $2.2 billion in loans have been disbursed on Celsius, with more than $4 million distributed in interest. To date, the platform has more than $350 million of assets under management, including deposits and loan collateral.

Zerknijmy jak dziś prezentują się kursy kilku wybranych walut cyfrowych. Z pewnością zainteresuje Was co dzieję się na rynku kryptowalut. Specjalnie dla Was mamy przygotowane krótkie podsumowanie ważnych wiadomości powiązanych z tą właśnie tematyką.
Sprawdzamy jak prezentują się kursy kryptowalut: TerraClassic USD, Celsius Network i Mina Protocol.Ranking brokerów Forex. Broker Forex – zobaczy, jakiego brokera wybrać w sierpniu 2022! Najlepszy broker Forex w zestawieniu FXMAG —Ranking kantorów internetowych. Kantory internetowe – zobacz jaki kantor internetowy wybrać w sierpniu 2022 – Najlepszy kantor internetowy w zestawieniu FXMAG —Ranking giełd kryptowalut.

Celsius Network ha annunciato una nuova collaborazione con Tether per integrare USDT nel proprio wallet.

Grazie a questa collaborazione, infatti, USDT di Tether verrà pienamente integrato nel wallet Celsius, che consente agli utenti di guadagnare reddito passivo con una ridotta esposizione al rischio.

USDT è la stablecoin dominante nel mercato crypto con una capitalizzazione di mercato di oltre 4 miliardi di dollari, mentreCelsius Networkè una piattaforma crypto con un proprio wallet.

Summary:

  • Tether has released a statement explaining how it liquidated its loan with Celsius Network.
  • According to Tether, the loan was liquidated without losses to the company and according to an agreement by both entities.
  • The loan was denominated in Bitcoin, with some estimates putting its value at $1 Billion.

Tether, the company behind the largest stablecoin in terms of market cap, USDT, has released a statement explaining how it liquidated a loan that Celsius Network took out.

Tether Liquidated Celsius’ Loan Without Losses.

According to the team at Tether, the liquidation ‘was carried out in a way to minimize as much as possible any impact on the markets.’ After the loan was covered, Tether returned the remaining funds to Celsius Network per the initial agreement between the two entities.

L’integrazione consentirà agli utenti non solo di depositare USDT nel wallet Celsius, ma anche di guadagnare fino al 12% di interesse annuo. Gli interessi vengono calcolati giornalmente e pagati settimanalmente e gli utenti possono scegliere di guadagnare interessi nelle criptovalute depositate, come ad esempio in USDT, BTC o token CEL.

Il wallet di Celsius ad oggi supporta 19 valute tra cui anche ETH, LTC, oltre a BTC e USDT.

I prestiti si fanno anche in Tether

Tether è stata anche aggiunta come valuta per i prestiti offerti da Celsius Network, quindi gli utenti ora possono prendere in prestito USDT a tassi di interesse pari al 3,46% annuo offrendo adeguate garanzie in asset digitali.

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