Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom
Tether, the world's largest stablecoin, has announced on Friday to cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. The company aims to reduce its commercial paper holdings to zero in near future.
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Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom
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Reviewed by V. Kumar
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July 01, 2022
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