Crypto Lenders On The Brink Of Collapse (Video)
— Million, Stablecoin, Celsius pays, Latest, Struggle, Collapse, Bear market getty imagesin, Brink, Planning, Vauld — 1 min read
Crypto lenders struggle in bear market. Celsius pays off another $120 million in stablecoin debt. Nexo planning to acquire another crypto lender, Vauld, in the latest industry consolidation. Celsius paying off $120m in stablecoins debt. Vauld is the latest crypto lender to be acquired by Nexo in latest industry consolidating. Celsius will pay off $100m of stablecoins in the next two weeks of paying off the rest of the $120M debt. Celsius will also pay off a further $100 million of the remaining $120.Million in the second quarter of the previous quarter of this year’s crypto-loaners. Celsius is paying off a total of $1.5 million in the third quarter of 2018. Source