News/Tether Completely Eliminates Commercial Paper from Its Reserves

Tether Completely Eliminates Commercial Paper from Its Reserves

Oct 14,2022,10:20

$USDT issuer Tether announced that it has completely eliminated commercial paper from its reserves, replacing these investments with U.S. Treasury Bills. Tether said it has eliminated over $30 billion dollars of commercial paper without any losses. In the last quarter, Tether increased its direct exposure to U.S. Treasuries by more than $10 billion.

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