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THE DAILY INDEX

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Today’s Index

TETHER IS LENDING ITS STABLECOINS AGAIN

Tether has resumed lending, despite previous commitments to halt the practice. As of June 30, the company's assets included $5.5 billion in loans, a slight increase from the previous quarter. This practice potentially poses a risk to the crypto landscape, as repayment is not guaranteed. While the company didn’t make clear whether or not these were new loans, it raised concerns that Tether could be winding up these practices again rather than sunsetting them.

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