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Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.

By Nelson Wang
Updated May 9, 2023, 3:59 a.m. Published Oct 13, 2022, 5:00 p.m.
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Bitfinex)
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Bitfinex)