WSJ: Tether's Rising Lending Raises Risks in Stablecoin and Crypto World

According to the Wall Street Journal, Tether’s growing lending has increased risk in the world of stablecoins and cryptocurrencies. According to Tether's report, as of September 30, its loan assets reached $6.1 billion, accounting for 9% of the company's total assets. At the end of 2021, they were worth $4.1 billion, accounting for 5% of total assets. The Wall Street Journal said Tether revealed little about the borrowers or the collateral they accepted. Additionally, Tether's past reports would state that none of the loans were made to affiliated entities. However, that wording was dropped from the second-quarter 2022 report, which did not say whether any loans were to related parties.