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Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

Summary by Ground News

Stablecoin issuer Tether has revealed that it now holds zero commercial paper. The development comes less than two weeks after the company announced that it had reduced its commercial paper exposure to less than $50 million. The company said the move is part of its effort to increase transparency and back its stablecoins with more secure and liquid reserves.

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CNBC

Lean Left

Tether, world's biggest stablecoin, cuts its commercial paper holdings to zero

Tether has cut its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post.

4 years ago·Englewood Cliffs, United States

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Coin Desk

Center

Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.

4 years ago·New York, United States

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coinstats.app

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

Crypto Price Tracker, Market Cap, News. CoinStats is a crypto portfolio tracker that provides live prices for Bitcoin, Ethereum & 5000 altcoins.

4 years ago

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CryptoPotato

Stablecoin Issuer Tether Now Holds Zero Commercial Paper

Tether has fully replaced its commercial paper holdings with U.S. Treasury bills.

4 years ago

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us.com

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero – Bitcoin News - DailyCrypto

On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the […]

4 years ago

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