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‘Tether Never Borrowed From Celsius,’ Says Tether CTO Paolo Adroino

Published 02/01/2023, 09:39 AM
Updated 02/01/2023, 10:00 AM
‘Tether Never Borrowed From Celsius,’ Says Tether CTO Paolo Adroino

‘Tether Never Borrowed From Celsius,’ Says Tether CTO Paolo Adroino

  • Tether’s CTO has addressed the misinformation in the Celsius examiner’s final report.
  • The executive clarified that his firm never borrowed from Celsius.
  • The examiner’s report claimed that Celsius’s loans to Tether were twice its credit limit.

The fallout from the sensational report filed by Celsius’ examiner has caught the world’s largest stablecoin in its crosshairs. The independent examiner claimed in her final report that Tether had borrowed money from Celsius and maintained significant exposure to the bankrupt crypto lender.

Earlier today, Paolo Adroino, the CTO of USDT issuer Tether, took to Twitter to address the concerns surrounding his company’s exposure to Celsius. The clarifications came on a report summary tweeted by FT reporter Khadim Shubber.

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