News Snapshot:
Stablecoin issuer Tether said today that it holds no Chinese commercial paper, seemingly the first time it has made this statement. In a statement , Tether outlined that it has reduced its commercial paper exposure by $4.7 billion since the start of this month . It currently holds $3.7 billion of commercial paper in its reserves, down 88% from $30 billion in July 2021. Tether also took aim at critics. "With that in mind, Tether would like to again reiterate to naysayers who continue to spread falsities about its commercial paper holdings, that you are wrong," it said. The mystery...
