Friday, October 17, 2025

Latest

Tether Calls Rumors False, Aims to Decrease Commercial Paper Backing To Zero

In a statement released on Wednesday morning, Tether called rumors about its commercial paper backing “completely false,” and said these stories were spread around to “induce further panic in order to generate additional profits from an already stressed market.”

The rumors allege that Tether’s commercial paper portfolio is 85% backed by unsecured, short-term debt issued by companies,  and that it traded at a 30% discount. The stablecoin firm linked to its most recent assurance opinion that showed that commercial paper makes up less than 25% of its USDT or its currency’s backing, and that 47% of total USDT reserves are US Treasuries.

Tether firm also said that its current portfolio of commercial paper has been reduced from US$20 billion at the end of Q1 2022 to US$11 billion, and will be around US$8.4 billion by the end of June. They are targeting to gradually decrease their commercial paper backing to zero, but did not give a time period for this goal.

From Tether’s latest assurance opinion

The statement also addressed the recent Celsius crisis and said that their position has been “liquidated with no losses to Tether,” save for “a small investment made out of Tether equity in the company.” 

Tether also denied that it has lending exposure to Three Arrows Capital, which is currently facing a potential insolvency.

Crypto traders and analysts, meanwhile, are keeping watch and bracing themselves for the possibility of Tether joining what’s now called the crypto bloodbath.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Chinese Police Bust Massive Money Laundering Gang That Used Tether to Launder $1.7 Billion

Chinese authorities arrested numerous people accused of using the tether stablecoin to launder nearly $2...

Monday, December 12, 2022, 08:50:40 PM

Celsius: Alex Mashinsky Faces Fraud Charges From SEC, CFTC, DOJ

Exactly a year after Celsius Network filed for bankruptcy, the firm and its founder Alex...

Friday, July 14, 2023, 07:44:00 AM

Tether’s Top Lawyer Departs as Crypto Giant Faces Growing Scrutiny

Stuart Hoegner, a key figure in the cryptocurrency world and the longtime general counsel for...

Saturday, January 4, 2025, 07:48:00 AM

DigiCrypts To Launch AI-Based Predictive Crypto Trading Tool

The trading of cryptocurrencies appears to be going high tech. DigiMax Global Solutions (CSE: DIGI)...

Thursday, October 29, 2020, 02:17:00 PM

Former Investment Manager Sues Celsius Network For Fraud: “They Lied To Us”

Celsius Network did not properly hedge risk and manipulated its exchange to rig the price...

Friday, July 8, 2022, 03:17:00 PM