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3232Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero
https://www.digit.info/stablecoin-issuer-tether-fulfills-promise-by-reducing-commercial-paper-holdings-down-to-zero/
Thu, 13 Oct 2022 22:30:52 +0000https://www.digit.info/2022/10/13/stablecoin-issuer-tether-fulfills-promise-by-reducing-commercial-paper-holdings-down-to-zero/Read more]]>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 […]
]]>Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
https://www.digit.info/tether-cto-says-us-treasury-notes-account-for-more-than-58-of-usdts-reserves/
Mon, 03 Oct 2022 20:30:35 +0000https://www.digit.info/2022/10/03/tether-cto-says-us-treasury-notes-account-for-more-than-58-of-usdts-reserves/Read more]]>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 […]
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 […]
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 […]