Тетер ја елиминира комерцијалната хартија од резервите со притискање на транспарентност

Tether has completely eliminated commercial paper from its reserves. The largest stablecoin објави the milestone today in a blog post that it would replace those investments with U.S. Treasury Bills. 

Commercial paper is unsecured, short-term debt issued by a corporation. Tether had previously претходно кажано it would reduce its commercial paper holdings and has gradually done so оваа година. 

Tether, which issues the world’s most-traded cryptocurrency, USDT, has been критикуваше by regulators for not being clear enough about what makes up the the reserves that back its token. The company said today’s move will help address that concern.

“This announcement comes as part of Tether’s ongoing efforts to increase transparency, with investor protection at the core of the management of Tethers’ reserves,” the company’s blog post said. „Намалувањето на комерцијалните документи на нула ја покажува посветеноста на Tether да ги поддржува своите токени со најсигурните резерви на пазарот“.

USDT runs on a number of different blockchains, and as the most traded cryptocurrency, it is considered by many to be the backbone of the crypto economy. 

Stablecoins, which are typically pegged to the U.S. dollar but can also be pegged to other fiat currencies and assets such as gold, are important for crypto traders since they are used to enter and exit trades for other cryptocurrencies quickly without the need to access hard cash.

Earlier this year, rumors circulated that a portion of Tether’s commercial paper portfolio was “85% backed by Chinese or Asian commercial papers and being traded at a 30% discount.” 

But Tether го негираше ова, claiming the rumors were fabricated to “induce further panic in order to generate additional profits from an already stressed market.”