Tether has removed $30 billion in commercial paper from its foreign exchange reserves

2022-10-14 08:45:27

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ChainCatcher news, according to The Block, Tether has removed $30 billion in commercial paper from its foreign exchange reserves and increased its direct exposure to U.S. Treasuries by over $10 billion.

It is reported that in recent months, Tether has indicated plans to improve the quality of its foreign exchange reserves by reducing its holdings of commercial paper. (Source link)

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