{"id":68583,"date":"2022-10-14T13:12:07","date_gmt":"2022-10-14T10:12:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68583"},"modified":"2025-09-07T14:56:06","modified_gmt":"2025-09-07T11:56:06","slug":"tether-limited-wipes-out-commercial-paper-exposure-in-usdt-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-limited-wipes-out-commercial-paper-exposure-in-usdt-reserves\/","title":{"rendered":"Tether Limited wipes out commercial-paper exposure in USDT reserves"},"content":{"rendered":"<p>The issuer of the USDT stablecoin \u2014 Tether Limited \u2014 has completely abandoned commercial paper in its reserves, replacing them with US Treasury bills.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Tether is proud to announce that we have completely eliminated commercial paper from our reserves. This is evidence of our commitment to back our tokens with the most secure, liquid reserves in the market. (1\/3)<a href=\"https:\/\/t.co\/zBa9jRe7so\">https:\/\/t.co\/zBa9jRe7so<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1580600942323720192?ref_src=twsrc%5Etfw\">October 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company said the move reflects a commitment to greater transparency and to increasing trust not only in Tether but in the stablecoin sector more generally.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-10-14_131132868.png\" alt=\"Tether Limited \u043e\u0431\u043d\u0443\u043b\u0438\u043b \u0434\u043e\u043b\u044e \u043a\u043e\u043c\u043c\u0435\u0440\u0447\u0435\u0441\u043a\u0438\u0445 \u0431\u0443\u043c\u0430\u0433 \u0432 \u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0435\u043d\u0438\u0438 USDT\" class=\"wp-image-187686\" width=\"773\" height=\"581\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-10-14_131132868.png 773w, https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-10-14_131132868-300x225.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-10-14_131132868-768x577.png 768w\" sizes=\"auto, (max-width: 773px) 100vw, 773px\" \/><figcaption>Dynamics of commercial paper and US Treasury bills backing USDT. Data: Tether Limited.<br \/><\/figcaption><\/div>\n<p>The company noted that it publishes quarterly reserve composition reports for USDT.<\/p>\n<p>As of October 3, the position in commercial papers <a href=\"https:\/\/forklog.com\/en\/news\/us-treasury-securities-account-for-58-1-of-tether-reserves\"> fell below $50 million<\/a>. In August 2021 it stood at<a href=\"https:\/\/forklog.com\/en\/news\/report-nearly-50-of-usdt-backing-by-tether-consists-of-commercial-paper\"> $30.8 billion or 49% of total reserves<\/a>.<\/p>\n<p>Plans to shift USDT collateral away from this type of financial instrument in favour of US Treasury bills were first<a href=\"https:\/\/forklog.com\/en\/news\/tether-trims-usdt-collateral-in-commercial-paper-by-17\"> announced<\/a> in May 2022.<\/p>\n<p>In July, Ardoino said he remained committed to pursuing this line after the world&#8217;s fifth-largest auditor<a href=\"https:\/\/forklog.com\/en\/news\/fifth-largest-global-accounting-firm-confirms-tether-reserves-back-usdt\"> confirmed the backing<\/a> for Tether.<\/p>\n<p> Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The issuer of the USDT stablecoin \u2014 Tether Limited \u2014 has completely abandoned commercial paper in its reserves, replacing them with US Treasury bills.<\/p>\n","protected":false},"author":1,"featured_media":68584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1245],"class_list":["post-68583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=68583"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68583\/revisions"}],"predecessor-version":[{"id":68585,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68583\/revisions\/68585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/68584"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=68583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=68583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=68583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}