Odaily News Tether is once again lending its stablecoins to customers, less than a year after the company said it would phase out the practice. Tether said in its latest quarterly financial report that its reserve assets included $5.5 billion in loans as of June 30, up from $5.3 billion in the previous quarter. Tether spokesman Alex Welch confirmed the company issued the new loan. Welch said: “Tether received several short-term loan requests from customers with long-term relationships in the second quarter of 2023, and we decided to honor these requests. The loans will be canceled in 2024. The company’s goal is to prevent a large depletion of customer liquidity, Or prevent them from selling collateral at potentially unfavorable prices and incurring losses.” (Wall Street Journal) In December last year, Tether announced that it would reduce the secured loans in Tether’s reserves to zero by 2023.