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

0
17



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.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here