Tether continues to reduce commercial paper in sharp reduction since March
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billion
Stablecoin issuers, including Tether, Circle, Ripple, and World Liberty Financial, have frozen more than $2.6 billion in digital a...
TRON leads stablecoin market cap growth with $279.5M in 24 hours
TRON's stablecoin growth highlights its increasing dominance and potential risks for Tether, emphasizing the need for network reli...
Binance $5.5B Hack Exposed: 50 EIP-7702 Nonces Opened One Hot Wallet in Minutes
Key Takeaways: In total, the attackers utilized 50 EIP-7702 authorizations for Binance 14. A single nonce was found correct, trigg...
Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack
Bitcoin Magazine Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack Bitcoin dropped below $79,000 on...
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 bill...
Tether freezes over $1.567 billion in USDT tied to suspected Binance hack
The swift freeze by Tether and Circle underscores the power and limitations of centralized control in decentralized finance, impac...