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Tether’s mystery commercial paper exposure

Financial Times LogoFinancial Times1 mo ago

Tether’s mystery commercial paper exposure

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So, here’s what one hedge fund that’s short Tether has been pointing out to clients on the back of Ardoino’s tweets.

An attestation from Tether’s Cayman Island accountant on Tether’s reserves says that as of March 31, 2022, there was $20.1bn in commercial paper holdings and certificates of deposit.

Tether also reduced its commercial paper exposure from ~45B to ~8.4B and is set to phase it out in full in the coming months.


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Article Details

Author / Journalist: Bryce Elder

Category: MarketsFinanceInvesting

Topics: Funds Tether Commercial Financial Reserves Holdings Paper Been Hedge

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 11:11:32

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 663 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22654

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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