News Snapshot:
Tether, the issuer of USDT, the world’s most traded stablecoin, said it doesn’t hold Chinese commercial paper in its reserves and it plans to reduce its commercial paper holdings overall. See related article: Tether slashes commercial paper, shows more reserves than liabilities Fast facts - In a statement published on Wednesday, Tether said it “holds no Chinese commercial paper as of today,” and it has brought down its total commercial paper exposure to about US$3.7 billion from US$30 billion in July 2021. - A Bloomberg investigation published in October alleged that Tether had made out short-term loans to large Chinese...
