Tether reduces commercial paper exposure to zero, replaces investments with T-Bills By Cointelegraph
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Tether reduces commercial paper exposure to zero, replaces investments with T-Bills Stablecoin issuer Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.
In addition to removing commercial paper from its reserves, Tether announced on Oct. 13 that it had replaced those investments with United States Treasury Bills. “Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
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Tether reduces commercial paper exposure to zero, replaces investments with T-Bills Stablecoin issuer Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.
In addition to removing commercial paper from its reserves, Tether announced on Oct. 13 that it had replaced those investments with United States Treasury Bills. “Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Continue Reading on Coin Telegraph
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