Tether reduces commercial paper exposure to below $50M, Treasury bills rise to 58.1% of reserve
Insider information on Tether’s reserve revealed that as of Sept. 30, the shadlecoin issuer had increased its U.S. Treasury bills to 58.1% of its reserves while reducing its commercial paper exposure to below $50 million. According to the last official report on June 30, about 43.5% of Tether’s.
The stablecoin issuer had promised to reduce its commercial paper holdings down to zero while having more of its reserve assets in U.S. Treasury bills. A recent portfolio update shared by Tether CTO Paolo Ardoino suggested that the stablecoin issuer is keeping true to its promise. According to Ardonia, it will usually take about 45 days for the official report to be reflected; however, the auditing team is working to reduce the timeline.
Source
https://t.me/DeFi_Ethereum
