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Now let's drill down on #tether's financial alchemy.
In a diminishing market (which has just got a whole load smaller) "secured loans" increased by nearly $1.64B (nearly 40%).
In a diminishing market (which has just got a whole load smaller) "secured loans" increased by nearly $1.64B (nearly 40%).
Yet we know nearly $1B of its secured loans to #celsius were liquidated. It's worth noting that the 130% over collateralised loans were likely to have a far higher LVR under the terms of the lending agreement.
