Tether’s Commercial Paper Holdings Shrank to Less Than $50 Million
06 Oct,2022
Tether portfolio update. Tether as of 30 September 2022 holds ~58.1% of its assets in U.S. t-bills. Up from 43.5% on June 30, 2022. [Commercial paper] exposure is [less than] 50M now.
The attestation published in August shows that Tether’s commercial paper holdings exposure was reduced, and the latest update shows Treasury reserves Tether holds today are up 14% from June 30, 2022. Commercial paper, however, has diminished down to less than $50 million.