Tether Reveals Plans to Shrink Short-term Debts in USDT Reserves Below 30%

USDT stablecoin issuer Tether has disclosed a strategy geared towards cutting down on the company’s commercial debts The move could aid in quelling doubts pertaining to the firm’s transparency Tether’s decision comes on the back of controversy regarding its commercial paper holdings and reduced cash reserves Also, the popular stablecoin was recently launched on the parachain protocol Kusama Tether, the crypto startup behind the world’s largest stablecoin by market cap and traded volume, said it has plans to shrink the […]