Celsius Network Fully Pays Off Bitcoin Loan As User Funds Remain Locked
Indeed, Celsius, which has also faced concerns over the sustainability of its business due to liquidity pressures, has repaid the remaining $41.23 million of its loan on Maker in the Maker protocol’s stablecoin DAI on July 7, Defi Explore on-chain data shows. In response, Maker released 21,962.63 wrapped Bitcoins (WBTC), currently worth around $459 million, which Celsius pledged as collateral for the loan, effectively erasing the platform’s debt on MakerDAO....