Tether Restarts Lending Stablecoin to Customers After a Short Pause!

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Tether, the largest stablecoin in the cryptocurrency market, has resumed lending its own stablecoin to customers after a brief pause of less than a year. The move comes as the company received several short-term loan requests from customers with long-term relationships in Q2 2023. Tether aims to prevent its clients from running out of liquidity or being forced to sell their collateral at unfavorable prices. With this move, Tether aims to maintain the stability of its platform and continue to provide reliable services to its customers.