Celsius and Three Arrows Capital creep closer to possible insolvency. Is there light at the end of this tunnel?
, currently at $8.4 billion, to zero. Tether also categorically rejected any claim that 85% of its commercial paper portfolio is backed by Chinese or Asian assets. So, what’s the big deal with commercial paper? These are basically unsecured notes with a fixed maturity issued by corporations. The concern for some observers is that Tether is struggling to find a financial institution willing to take its cash as a deposit.
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