Cryptocurrencies
Celsius Repays $113 Million of Loans as Crypto Lender Fights Insolvency
- The company repaid loans to Aave and Compound in the last day
- The lender has paid off about $300 million loans since July 1
A Celsius Network booth at the Paris NFT Day conference in April.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Crypto lender Celsius Network repaid more loans Monday, as the company continues to battle insolvency.
In the past day, Celsius repaid about $78.1 million worth of USDC stablecoin to lending platform Aave, according to tracker Etherscan. It also repaid $35 million worth of stablecoin DAI on platform Compound.