According to news on September 21, Tether is once again lending its stablecoins to customers, less than a year ago, the company said it would gradually reduce this 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 the collateral at a potentially unfavorable price and incurring losses.”
In December last year, Tether announced that it would reduce the secured loans in Tether’s reserves to zero by 2023.