Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet.

Ardoino responded to a Twitter thread on the Celsius examiner report that said that Tether, alongside Three Arrows Capital and Alameda Research, could exceed their credit limits with the bankrupt lender.

The report claimed that the stablecoin issuer had over $2 billion exposure to Celsius and was considered an “existential threat” to the lender’s financial health. It added that Celsius’ couldn’t survive a Tether default because its capital was insufficient.

“The Tether exposure eventually grew to over $2 billion -a number so large that in late September 2021, that exposure was described to the Risk Committee as present[ing] an ‘existential threat’ to Celsius.”

However, Ardoino has denied these claims saying the document either made a typographical error or a mischaracterization. According to him, Tether never borrowed from Celsius.

In a July 2022 statement, Tether said it liquidated a loan to the crypto lending firm without incurring any losses. The stablecoin issuer did not state the dollar value of the loan.

Meanwhile, Tether said it would stop its secured lending practices in 2023.

Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement.

The BTC miner was one of the several companies that had a difficult 2022 due to the challenging market conditions.

“Greenidge ended the quarter with approximately $16 million of cash and fair value of crypto currency holdings, of which less than $1 million was cryptocurrency holdings, and approximately $152 million of debt, net of debt issue costs.”

Greenidge added that it sold its subsidiary, Support.com, for $2.6 million on Jan. 17.

Reduces debt with NYDIG to $17 million

The firm said it restructured its secured debt with crypto lender New York Digital Investment Group (NYDIG) to $17 million.

Greenidge said it transferred the rights of certain miners and some unnamed credits and coupons to NYDIG. The transferred assets reduced its debt by approximately $59 million.

The Bitcoin miner added that it could further cut its debt by $10 million if it can help NYDIG secure the rights to a mining facility within the next three months.

Greenidge revealed that it entered into a five-year hosting agreement with the lender, adding that the deal  contains a “profit-sharing component.” The agreement terms would also see NYDIG pay a hosting fee that covers the cost of power and the management of the mining facilities.

Despite this new restructuring, Greenidge still owns “10,000 miners with a capacity of approximately 1.1 EH/s.”

Restructures another $11 million in debt

The struggling BTC miner further revealed that investment bank B. Riley Financial has agreed to restructure an $11 million promissory note.

Greenidge said it would make a principal payment of $1.9 million to B. Riley, and no further payments are expected on the notes till June. However, if the miner can pay  $6 million of its debt before June 20, B. Riley agreed to cut its loan repayment to $400,000 monthly from the current $1.5 million.

Greenidge added that it wants to sell excess real estate from its South Carolina mining facility to repay part of the promissory note.

The miner would pay an amendment fee of $1 million to B. Riley with its stock option. Besides that, the investment bank and an affiliate of Atlas Holdings will purchase an additional $2 million of Greenidge’s stock.

Speaking about the restructured debts, Greendige’s CEO Dave Anderson said:

“The debt restructuring we’ve announced today significantly improves our balance sheet and provides us with a clear path forward as we enter 2023… These agreements have effectively reduced our secured debt balances with these lenders from approximately $87 million to approximately $26 million and have the strong potential to allow us to further reduce our debt.”

Four Real-World Asset (RWA) lending protocols ranked among the top ten Defi lending protocols that collect the largest sum of 180-day cumulative interest fees paid by users, according to crypto influencer Defilgnas’ recent analysis.

TrueFi (TRU), Maple Finance, Goldfinch (GFI), and Centrifuge (CFG) are ranked third, fourth, seventh, and tenth, respectively, according to @Defilgnas.

As of Jan. 24, TrueFi owns the third-largest incremental interest fees collected in the past 180 days with $12.1 million. Maple Finance follows TrueFi as a close fourth with $11.7 million. Goldfinch and Centrifuge also make it into the top ten with $5.6 million and $3.2 million, respectively.

In addition, MakerDAO, which ranks sixth on the list with $6.6 million, is also generating 57% of its total revenue from RWAs.

Active loans worth $326M

The cumulative value of the active loans of these four RWA protocols also adds up to $326 million, according to data.

The chart includes Clearpool, Ribbon Lend, and Credit, in addition to TrueFi, Maple Finance, Goldfinch, and Centrifuge. Altogether, the total value of active loans given by these nine protocols sits at $361 million.

TrueFi, Maple Finance, Goldfinch, and Centrifuge account for 90.3% of this sum, with a collective amount of $326 million.

Maple Finance contributes the most considerable bulk to this with $127 million worth of active loans. Goldfinch, Centrifuge, and TrueFi also add $103 million, $77 million, and $19 million, respectively.

The chart above doesn’t include Maker Dao’s active RWA loans, which stand at around $620 million.