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Tether cuts USDT collateral in commercial securities

23.05.2022 12:32 (Updated 23.05.2022 12:05)
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by Artem Ustinov
1 min read

Tether cuts USDT collateral in commercial securities

The USDT stablecoin issuer, Tether Holdings Limited, reduced its reserves in commercial securities by 17% in the first quarter of 2022. By the end of the second quarter, the company intends to reduce the amount of collateral in these assets by another 20%.

The Tether’s commercial paper reserves fell from $24.2 billion to $20.1 billion in three months of 2022, according to an audit report by MHA Cayman. Tether’s total assets are over $82.42 billion as of March 31.

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  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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