News/Tether's Total Commercial Paper Exposure Expected to Zero by End of October or Early November

Tether's Total Commercial Paper Exposure Expected to Zero by End of October or Early November

Jul 27,2022,22:20
$USDT issuer Tether announced that its total commercial paper exposure has been reduced yet again to a mere about 3.7B (from 30B in July 2021) with plans to further decrease to about 200M by the end of August 2022 and to zero by end of October/early November 2022. In addition, Tether continues to ensure that it has a diversified portfolio with limits to exposure on individual issuers or assets. Its reduction in commercial paper is a commitment to its community.
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