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coinpedia 2022-10-04 11:32:07

Tether Strives To Regain Community Trust, Slashes Commercial Paper Holdings

The post Tether Strives To Regain Community Trust, Slashes Commercial Paper Holdings appeared first on Coinpedia Fintech NewsIn an effort to increase transparency, Tether has recruited a new accounting company to undertake routine audits and attestation reports to guarantee that its stablecoin is appropriately backed by US dollars. As of September 30, 2022, Tether, the company that issues stablecoins, had less than $50 million’s worth of commercial paper units in its portfolio. …

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