The post Tether Cuts USDT Commercial Paper Reserves To Zero appeared first on Coinpedia Fintech News
On October 13, Tether declared that it has reduced its holdings of commercial paper to zero and will instead invest more into short-term government debt and U.S. Treasury Bills.
Tether stated that its dedication to backing its tokens with the safest available reserves is demonstrated by reducing commercial papers to zero.
Tether claims that storing its reserve in more secure assets would help boost transparency and provide greater security for investors’ funds.
By disclosing specifics about the USDT reserve in its quarterly attestation reports, Tether said it will increase its transparency.
Source: https://coinpedia.org/crypto-live-news/tether-cuts-usdt-commercial-paper-reserves-to-zero/