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Tether abandons commercial paper reserves in favor of Treasury bills

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Tether has successfully dumped all of its commercial paper in favor of U.S. Treasuries, which could now account for about 56.3% of the company’s total reserves. “The safest reserves“ Tether has made good on its promise to abandon commercial paper. The leading stablecoin issuer announced today that it has eliminated commercial paper from its reserves […]

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