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Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

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July 2, 2022
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Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns
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Stablecoin issuer Tether has cut its holdings of commercial paper by 58% to $8.5 billion, with a further reduction to $3.5 billion expected at the end of the month as it seeks to tackle speculation about the quality of support for its dollar-pegged USDT token.



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