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

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)