Tether No Longer Has Commercial Paper Reserves – Report

In an official release on Thursday, stablecoin firm Tether revealed that it has completely eliminated commercial paper holdings from its reserves. This a major move for Tether as the platform has drawn several questions regarding the stability of the USDT token given the state of its reserves.  US Treasury Bills Displace Commercial Paper According to the publication, in place of commercial paper, Tether now holds US Treasury bills. The company described this accomplishment as another step toward greater transparency. Tether…