konopac objavio that it recently reduced its holdings of commercial paper to Nula. In lieu of commercial paper, Tether is increasingly backed by US Treasuries instead.
When Tether provided its first reserve composition breakdown in Maj last year, commercial paper made up almost half of its reserves. Indeed, it had quietly been a part of Tether’s claimed dollar reserves for years, with the CFTC settlement suggesting it began in avgust 2018. Kada je Financial Times attempted to track down Tether’s commercial paper, it noted that none of the major players in the market had noticed Tether’s entry.