Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

Stablecoin issuer Tether has cut its holdings of commercial paper by 58% to $8.5 billion, with a further reduction to $3.5 billion expected at the end of the month as it seeks to tackle speculation about the quality of support for its dollar-pegged USDT token.

Be the first to comment

Leave a Reply

Your email address will not be published.