Crypto Giant Tether Slashes Commercial Paper Holdings to Zero

Tether, the world’s largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills. The disclosure is a part of the continuous initiatives of Tether to improve transparency, with investor protection at the forefront of the reserve management of the organization. Tether has proven its dedication to backing its tokens with the safest reserves on the marketplace by cutting commercial papers to zero. This advances transparency and confidence for Tether and the entire stablecoin sector. BREAKING: Tether is proud to announce that we have completely eliminated commercial paper from our reserves. This is evidence The post Crypto Giant Tether Slashes Commercial Paper Holdings to Zero appeared first on Cryptoknowmics-Crypto News and Media Platform.