Tag: usdt

Tether reduces its commercial paper holdings by 17% in the first quarter of 2022.

Launch of a Stablecoin Linked to the British Pound Sterling by Tether

October 2, 2022

Launch of a Stablecoin Linked to the British Pound Sterling by Tether The organisation behind the most valuable stablecoin in terms of market capitalization, Tether, on Wednesday unveiled GBPT, a new fiat-pegged stablecoin pegged to the value of the British pound sterling. The announcement comes after Tether recently launched MXNT, a cryptocurrency asset tied to […]

Tether reduces its commercial paper holdings by 17% in the first quarter of 2022.

Tether reduces its commercial paper holdings by 17% in the first quarter of 2022.

May 20, 2022

  Tether reduces its commercial paper holdings by 17% in the first quarter of 2022. “This recent attestation further demonstrates that Tether is completely supported and that its reserve composition is robust, conservative, and liquid,” stated Paolo Ardoino. Tether (USDT) revealed that it reduced its reserves allocation to commercial paper assets and boosted its allocation […]