Tether’s commercial paper holding slashed to under $50 million
Join Our Telegram channel to stay up to date on breaking news coverage Tether has recently seen a number of important changes, including the efforts to become more transparent, an increase in the number of assets held in US t-bills, and a change in its commercial paper exposure. According to its CTO, Paolo Ardoino, the world’s largest stablecoin has seen a decrease in its commercial paper holdings, which now sit under $50 million, according to the data from September 30th. Ardoino also reported yesterday that the amount of US Treasury bills that the project s holding has grown to 58.1%, which is a 25.1% increase from the 43.5% that the project held only three months earlier, on June 30th. #tether portfolio update. Tether as of 30 September 2022 holds ~58.1% of its assets in US t-bills. Up from 43.5% on June 30 2022. CP exposure is < 50M now.@Tether_to — Paolo Ardoino 🕳🥊 (@paoloardoino) October 3, 2022 Tether takes another step towards greate...