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Top stablecoin Tether slashes commercial paper holdings amid crypto gloom

Channel News Asia LogoChannel News Asia1 mo ago

Top stablecoin Tether slashes commercial paper holdings amid crypto gloom

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Tether, the world's largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 per cent as part of an earlier commitment to reduce its exposure to riskier assets.

Tether's reserves consist of U.S.

Smartphone with Tether logo is placed on displayed U.S.dollars in this illustration taken, May 12, 2022.


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Top stablecoin Tether slashes commercial paper holdings amid crypto gloom - Channel News Asia (Picture 1)

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Article Details

Category: Economy

Topics: Reserves Commercial Reduce Tether Token Stablecoins Paper Assets Holdings Mediacorp 2022

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 00:27:35

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 302 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 25550

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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