Tether Slashes Commercial Paper, Increases Treasury Bill Holdings in Latest Portfolio Update

Tether CTO Paolo Ardoino has announced a 14.6% increase in Treasury bills and lower commercial paper holdings since June 2022. The post Tether Slashes Commercial Paper, Increases Treasury Bill Holdings in Latest Portfolio Update appeared first on BeInCrypto.

Tether Fires MHA Cayman as Attestation Provider

Tether has switched attestation providers from MHA Cayman to the Italian branch of BDO LLP.

The post Tether Fires MHA Cayman as Attestation Provider appeared first on BeInCrypto.

Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves

Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers.

Tether to Cut Commercial Paper Holdings to Less Than $4 Billion

Tether, the firm behind the number one stablecoin, USDT, will reduce its commercial paper holdings to $3.5 billion by the end of this month. The post Tether to Cut Commercial Paper Holdings to Less Than $4 Billion appeared first on BeInCrypto.

Tether Launches New Stablecoin in Mexico

Tether announces the release of a new peso-backed stablecoin on Ethereum, Tron, and Polygon as 40% of Mexican companies consider blockchain adoption.         The post Tether Launches New Stablecoin in Mexico appeared first on BeInCrypto.

Tether Claims to Hold no Commercial Paper From Struggling Evergrande

Stablecoin Tether says it does not hold any commercial paper from Evergrande in recent a statement. Evergrande, China’s second-largest property developer by sales, recently warned that it was in danger of defaulting on massive debts.

Tether Bails on TRON, Converts 300M USDT to Ethereum

Less than a year after first issuing its stablecoin on the TRON blockchain, it looks like Tether is starting to bail on the network. The stablecoin company announced it has converted $300M dollars worth of the cryptocurrency back to the Ethereum network earlier today.