BREAKING: Tether is proud to announce that we have completely eliminated commercial paper from our reserves. This is evidence of our commitment to back our tokens with the most secure, liquid reserves in the market.

Tether has eliminated over $30 billion dollars of commercial paper without any losses, a proof of how Tethers’ reserves are conservatively and professionally managed. Tether has also increased its direct exposure to US Treasuries by more than $10 billion in the last quarter.

This announcement further ensures that Tether has a diversified portfolio with limits to exposure to higher-risk assets. It demonstrates Tether’s commitment to lead by example, as part of our ongoing push toward increased transparency for the stablecoin industry.

https://tether.to/en/tether-slashes-commercial-paper-to-zero/