Тетер, издавачот на стабили, го исполнува ветувањето со намалување на имотот на комерцијална хартија на нула

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market.”

Tether Axes $30 Billion Worth of Commercial Paper Holdings, Firm Leverages US T-Bills Instead

The company behind the largest stablecoin by market capitalization, Tether, has откри Дека USDT’s reserves are exposed to U.S. Treasury Bills (T-Bills), in contrast to commercial paper holdings. The announcement follows the statement Tether’s chief technology officer Paolo Ardoino made on October 3.

Тетер, издавачот на стабили, го исполни ветувањето со намалување на стоките за комерцијална хартија на нула — Tether-created chart that shows the stablecoin’s reduction in commercial paper holdings.

At the time, Ardoino објасни that U.S. Treasury bills represented more than 58% of the company’s reserves, and he further said “ [Commercial paper] exposure is [less than] 50M now.” The company that manages USDT, a stablecoin with a market valuation of around $68.53 billion, believes the decision to erase commercial paper holdings is positive for the crypto industry as a whole.

“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company stated on Thursday. “This is a step towards even greater transparency and trust, not only for Tether but for the entire stablecoin industry.”

Tether’s Move Follows the Terra Stablecoin Collapse 5 Months Ago, Both Tether and Usd Coin Have Shed Billions Since Then

Tether’s move follows the issues associated with the Тера блокчејн and the UST de-pegging event last May. Furthermore, a handful of stablecoins have de-pegged from the $1 parity following UST’s collapse. The news also follows the stablecoin USDC’s market cap се издува during the last few months down to today’s valuation of around $45.82 billion.

USDT’s market cap dropped as well, following the Terra collapse, as Bitcoin.com News пријавени in mid-June that the number of USDT in circulation dropped by over 12 billion coins in two months. Despite the drops of USDT and USDC in circulation, the stablecoins are still the top two stablecoin assets by market cap, and the third (USDT) and fourth (USDC) largest crypto assets by valuation.

Ознаки во оваа приказна

Трговска хартија, Commercial Paper Holdings, commercial paper USDT, извештај за консолидираните резерви, крипто врзан за долар, Паоло Ардоино, stablecoin средства, Резерви на Stablecoin, стабилните монети флуктуираат, Т-белешки, tether, Тетер CTO, Министерство за финансии, ни ризници, Американските државни записи, Белешки од Министерството за финансии на САД, американска монета, USDC, USDT

What do you think about Tether fulfilling the company’s promise to reduce commercial paper holdings down to zero? Let us know what you think about this subject in the comments section below.

Ејми Редман

Џејми Редмен е водечки во вестите на Bitcoin.com News и новинар за финансиска технологија што живее во Флорида. Редмен е активен член на заедницата за криптовалути од 2011 година. Тој има страст за Биткоин, код со отворен код и децентрализирани апликации. Од септември 2015 година, Редмен напиша повеќе од 6,000 статии за Bitcoin.com News за непушачите протоколи што се појавуваат денес.