Tether Reduces Commercial Paper Holdings, Boosts U.S. Treasury Allocation
Tether Cuts Commercial Paper Exposure
Stablecoin issuer Tether has made notable adjustments to its portfolio, slashing its commercial paper holdings to less than $50 million as of September 30, 2022. This reduction underscores the company's efforts to enhance the stability and security of its reserves.
Increased Allocation to U.S. Treasury Bills
Tether has also ramped up its investment in U.S. Treasury bills, which now account for 58.1% of its total portfolio. This represents a significant increase from the 43.5% allocation reported as of June 30, 2022. The shift reflects a strategic move toward more secure and liquid assets.
Strategic Portfolio Diversification
The reduction in commercial paper and the rise in Treasury bill holdings demonstrate Tether's commitment to diversifying its portfolio and strengthening its financial position. This adjustment is part of broader efforts to ensure the stability and resilience of its stablecoin offerings.
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