Tether Has Substituted Its Use of Commercial Paper Holdings with U.S. Treasury Bills.


It has been announced by Stablecoin issuer Tether that it now holds zero commercial paper after steadily reducing its commercial debt holdings for its reserve assets for months.

Two weeks after the company announced that it had reduced its commercial paper exposure to less than $50 million, the company stated that they now hold zero commercial paper. In addition, the company indicated that Tether’s commercial debt holdings were valued at $30 billion as of July 2021 before going to zero without any losses.

They said they had now accomplished the vision of lowering the figure to zero.

According to the announcement company today, the use of commercial paper has been substituted with U.S. treasury bills (T-Bills).

The company stated that this development is one of its effort to increase transparency and back its stablecoins with more secure and liquid reserves in the market.

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