Tether Increases U.S. Treasuries Exposure Amid USDT Dump - BitcoinEthereumNews.com
Gamza Khanzadaev Increase in treasuries exposure comes along with concurrent cut of commercial papers According to Tether CTO Paolo Ardoinos statement made during a Twitter Spaces chat on May 12, one of the biggest stablecoin providers, Tether, has cut the majority of its exposure in commercial papers and certificates of deposit and will continue to do so. The full Tether Twitter Spaces conference can be found here: In case you missed yesterdays #โยง Twitter Spaces in which @paoloardoino , @gabourbacs ครับ , @Excellion และ @adam3us discussed the current developments in the crypto and stablecoin market. ????Listen to the recording here ⬇️https://t.co/CwalsroJH3 - โยง (@Tether_to) 13 พฤษภาคม, 2022 Exact actualized figures for Tether‘s reserves will be available later in May, but as of December 2021, the company’s share of reserves in CPs and CDs was 31% of the total, or $24 billion in cash terms. Joseph Abate, fixed income specialist at Barclays, อ้างถึง that there are concerns that the USDT provider may be forced to sell its assets in the financial crisis in order to meet customer demand. Therefore, the issue of sufficient liquidity should be high on Tethers agenda. โฆษณา However, Abate did reassure crypto enthusiasts by saying that fears are slightly premature since the majority of Tethers exposure, about