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Ethereum World News 2022-07-27 14:01:58

Tether Denies Chinese Commerical Paper Holdings, Plans To Eliminate Short-term Debts By Q4 2022

Summary: USDT stablecoin issuer Tether cleared the air on its short-term debts, again. The digital asset company debunked rumors that claimed Tether holds a massive amount of Chinese commercial paper. The statement released today also addressed the threat of such misinformation to the broader crypto industry. CTO Paolo Ardoino stated that the firm’s commercial paper holdings have indeed dropped to $3.7 billion. The firm plans to completely remove all short-term debts from its reserves before the end of 2022. Tether, […]

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