COLLECTIVELY SOLD

Last updated: June 16, 2025, 00:11  |  Written by: Vitalik Buterin

Collectively Sold
Collectively Sold

Previously

Tether, a stablecoin designed to always be worth $1, has lent billions of dollars to crypto companies with bitcoin as collateral, Bloomberg reported on Thursday.

Celsius sues Tether, seeking $3.5B over Bitcoin collateral sell-off

Previously, it was reported that Celsius borrowed $1 billion from Tether using Bitcoin as collateral in 2025, with an interest rate between 5% and 6%. Tether liquidated the

Celsius demands billions of dollars from Tether: What’s

Celsius Reportedly Borrowed $1B from Tether with Bitcoin as

Tether Has Loaned $1B to Celsius Network: Report

Reportedly Celsius Took A Loan

Tether sued for $3.5B over Celsius collateral liquidation

Celsius Borrowed $1B From Tether at 5-6% interest : Reports

Reportedly Celsius took a loan from Tether With Bitcoin as Collateral. In return Celsius will pay 5-6% interest. Report raised questions over the operations of Tether.

The Lawsuit Seeks To Reclaim

The lawsuit seeks to reclaim BTC tokens that Celsius sent to Tether as collateral for loans of the USDT, which Tether liquidated after the Mashinsky-founded platform

Tether CTO Rejects Allegations of Borrowing from Celsius

In return for this loan, Celsius sent Tether 39,542.42 BTC in collateral. As the price of Bitcoin dropped, and per the two parties’ agreement, Celsius was required to

Tether Responds to $2.4 Billion Lawsuit Filed by Celsius

Did Celcius Borrow $1B from Tether using Bitcoin as Collateral?

Vitalik Buterin can be reached at [email protected].

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