Tether Announces Reduction In Commercial Paper Reserves
Tether’s commercial paper holdings have been reduced by 17% as the company seeks to improve the quality of its reserves.
In its Consolidated Reserves Report released Thursday, the company indicated that it had reduced its commercial paper holdings from USD $24.2 billion to USD $20 billion during the first quarter of 2021.
As of March 31, the end of the first quarter, Tether’s reserves were USD $82 billion of which 86% consisted of...
