Tether reduces commercial paper exposure to zero, replaces investments with T-Bills
The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper.
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
How $37 million stolen from Americans moved through a Bahamas bank into Tether’s USDT
Prosecutors allege a bank-to-USDT laundering role in a case involving 174 identified US victims; no new repayment figure was annou...
US Senator Questions Tether Over Reported Payments Linked To Former Crypto Adviser
TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethic...
Tether Blacklists USDT Wallets Linked to CoinDCX Outflows
AMLBot puts the frozen sum at about $2.2 million, after CoinDCX acknowledged losses from a failed process for securing deposits to...
Blumenthal Asks Tether to Detail Every Payment to Nxum, Bo Hines’ Consulting Firm
Sen. Richard Blumenthal (D-Conn.), the ranking member of the Senate Permanent Subcommittee on Investigations, demanded records on...
CoinDCX Confirms $15.99M USDT Loss After Failed Sweep Hit Old Crypto Wallets
Key Takeaways: CoinDCX announced a $15.99M USDT loss from the old wallet infrastructure in the last contaminated security event im...
Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adv...