Tether CTO Paolo Ardoino explained that U.S. Treasury bills represent more than 58% of the company’s reserves.
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings.According to Tether’s CTO, U.S.
: “Deadline is usually 45 days — But with the new auditor we’re improving processes to reduce timelines.”Tether portfolio update. Tether as of 30 September 2022 holds ~58.1% of its assets in U.S. t-bills. Up from 43.5% on June 30, 2022. [Commercial paper] exposure is [less than] 50M now.the accounting firm BDO Italia and publishing the company’s quarterly attestation for Tether’s reserve holdings.
The attestation published in August shows that Tether’s commercial paper holdings exposure was reduced, and the latest update shows Treasury reserves Tether holds today are up 14% from June 30, 2022. Commercial paper, however, has diminished down to less than $50 million.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tether Further Slashes Commercial Paper Holdings, Increases US Treasury PortfolioCompany CTO Paolo Ardoino provided the updated Tether holdings.
Leer más »
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M.Tether_to has reduced its commercial paper holding to below $50 million. The stablecoin issuer had earlier said it will reduce its commercial paper holding to zero by the end of the year. By parikshitm899
Leer más »
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens – Regulation Bitcoin NewsIndian authority says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. crypto cryptocurrency $USDT $BTC
Leer más »
U.S. Treasury bills now make up more than half of Tether's reservesTether's CTO shared the update in a Tweet on Monday, adding that its commercial paper holdings are now below $50 million.
Leer más »
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT's Reserves – Bitcoin NewsTether CTO Paolo Ardoino explained that U.S. Treasury bills represent more than 58% of the company’s reserves.
Leer más »