Tether responds to CoinDesk's intervention in ongoing reserves information case

Tether reduces commercial paper holdings to improve quality of reserves

advertisement Stablecoin issuer Tether said it reduced its commercial paper holdings in the first quarter of this year to improve the quality of its reserves. Tether reported today that it had reduced its commercial paper to $19.9 billion from $24.2 billion the previous quarter, a 17% decrease. It also added U.S. Treasury bills, increasing them …

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