The stablecoin issuer Tether has revealed new details about its holdings of reserve assets, and now says a majority of its holdings are in the form of US treasuries.
In a tweet posted on Monday, Tether’s chief technology officer Paolo Ardoino said that 58.1% of the assets backing up the popular USDT stablecoin are now US Treasuries, also known as t-bills.... Read More: Tether Holdings Revealed – Commercial Paper Holdings Slashed