Commercial paper – DIGIT INFO

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

DIGIT — Thu, 13 Oct 2022 22:30:52 +0000

On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the […]

Go to Source

Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves

DIGIT — Mon, 03 Oct 2022 20:30:35 +0000

On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank […]

Go to Source

Tether slashes commercial paper by 21% in latest reserves attestation

DIGIT — Wed, 23 Feb 2022 02:50:49 +0000

Tether’s cash and bank deposits also dropped 42% to 4.187 billion, while its allocation to money market funds increased 200% to $3 billion, and its treasury bills grew 77.6% to $34.52 billion.

Go to Source

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

DIGIT — Mon, 18 Oct 2021 17:30:17 +0000

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]

Go to Source

Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money

DIGIT — Wed, 21 Jul 2021 02:21:33 +0000

Grant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what’s going on with Tether’s commercial paper reserves.

Go to Source