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Tether Slashes Commercial Paper to Zerotether.to/en/tether-slashes-commercial-paper-to-zero
76 sats \ 4 comments \ @cryptocoin 13 Oct 2022 bitcoin
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0 sats \ 1 reply \ @cryptocoin OP 13 Oct 2022
This is the Tweet that kicked off the Twitter thread where Tether announced this development:
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)
https://tether.to/en/tether-slashes-commercial-paper-to-zero
https://twitter.com/Tether_to/status/1580600942323720192 [Nitter]
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0 sats \ 0 replies \ @cryptocoin OP 13 Oct 2022
Here's an article on CoinDesk on this development:
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero https://coindesk.com/business/2022/10/13/stablecoin-issuer-tether-cuts-commercial-paper-holdings-to-zero [Archive]
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25 sats \ 0 replies \ @bitcointerest 15 Oct 2022
This is good in my opinion. Imagine backing your so called stable coin with something that's not even backed by anything valuable. FIAT is dying and so are stable coins backed by worthless FIAT currency.
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0 sats \ 0 replies \ @cryptocoin OP 13 Oct 2022
This is the Tweet that kicked off the Twitter thread where Tether announced this development:
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)
https://tether.to/en/tether-slashes-commercial-paper-to-zero
https://twitter.com/Tether_to/status/1580600942323720192 [Nitter]
reply