ICYMI: Tether has cut the majority of its exposure in commercial papers and certificates of deposit and will continue to do so $USDT
Exact actualized figures for Tether's reserves will be available later in May, but as of December 2021, the company's share of reserves in CPs and CDs was 31% of the total, or $24 billion in cash terms.that there are concerns that the USDT provider may be forced to sell its assets in the financial crisis in order to meet customer demand.
Therefore, the issue of sufficient liquidity should be high on Tether's agenda.However, Abate did reassure crypto enthusiasts by saying that fears are slightly premature since the majority of Tether's exposure, about 44%, is concentrated in U.S. Treasuries and other short-term assets, which are much more liquid and can easily be sold the same day as needed.The risk of de-pegging, which has increased significantly in recent weeks, is now acute for all stablecoin providers.
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