Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post.

A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 billion) of its total assets as of Sept. 30. The report added that the stablecoin issuer might not have enough liquid assets to pay redemptions if there was a crisis because of these loans.

(by Oluwapelumi Adejumo)