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Tether

Tether, the firm behind the number one stablecoin, USDT, announced that it would reduce its commercial paper holdings to $3.5 billion by the end of this month. The issuer

Tether, the operator of the world’s most used stablecoin USDT, is set to reduce its commercial paper holdings to $3.5 billion by the end of this month.

Tether's reserves consist of U.S. Treasury bonds and commercial paper, which refers to short-term debt issued by companies. The token has $8.4 billion of commercial paper

Currently

Top stablecoin Tether slashes commercial paper holdings amid

Tether continues to reduce commercial paper in sharp

Currently, Tether has 8.4B of these holdings, of which 5B will expire on July 31. This will result in a significant reduction in commercial paper assets to a low of 3.5B, which is

Tether reducing commercial paper holdings down to $3.5 billion

Tether to reduce commercial paper holdings to $3.5 billion by July

Tether Continues to Reduce Commercial Paper Holdings As It

Tether

Tether is reducing its commercial paper holdings on pace with plans, the stablecoin company reported Friday. It has reached the target sum of $8.4 billion in

Tether Announces to Reduce Commercial Paper Holdings by July

Tether, the world's largest stablecoin, has announced on Friday to cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce

This Latest Reduction Will The

Tether to Cut Commercial Paper Holdings to Less Than $4 Billion

This latest reduction will the stablecoin issuer’s commercial paper assets drop to a low of $3.5 billion from its current holdings of $8.4 billion, after $5 billion of these holdings