Tether Financial Statement Shows a $2 Billion Rise in USDT Loans

• Tether attained a $2 billion rise in loan issuance since December 2021.
• The company hit $6.1 billion in secured loans as of September, representing 9% of its total assets.
• Previously, the USDT peg slipped by a minuscule percentage creating a round FUD.

According to a recent consolidated reserve report by Tether, the issuer of the largest stablecoin, USDT, the company has reached a two billion dollar increase in loan issuance from December 2021.

Tether’s official financial document reveals that the company hit $6.1 billion in secured loans as of September, representing 9% of its total assets, compared to the $4.1 billion at the end of 2021. Wall Street Journal (WSJ)’s reporter, Jonathan Weil, believes the increased lending of USDT tokens by its issuer heightens the risk that the company may not have enough liquid assets to pay redemptions in a crisis.

In Weil’s words:

The rise in Tether’s lending represents a broad risk to the crypto world. Stablecoins such as tether (USDT) are anchors in the system. They are vital f ...

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