Crypto News: Tether refutes claims of holding Chinese commercial paper

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Tether, the issuer of the world’s largest stablecoin, USDT, has said that it is still planning to get rid of its commercial paper used as backing for its stablecoin pegged to the US dollar. The company has also refuted claims that it holds Chinese commercial paper. Tether denies holding Chinese commercial paper Tether released a blog post on July 27 saying it does not hold any Chinese commercial paper. It also added that its exposure to commercial paper had been reduced significantly from ...

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