Tuesday, September 16, 2025

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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Binance Is Delisting USDC, USDP, TUSD Stablecoins From Its Platform To “Enhance Liquidity”

Beginning September 29, holdings in leading stablecoins on Binance’s platform will be auto-converted to its...

Tuesday, September 6, 2022, 12:47:00 PM

SEC Chair Gary Gensler Calls For More Power From Congress to Regulate Crypto Markets

Cryptocurrency markets may soon face tighter regulatory oversight, as the SEC continues to strengthen its...

Wednesday, August 4, 2021, 11:28:00 AM

Tether Executives Face Probe for Banking Fraud – The Daily Dive

Joining us on the Daily Dive today is that of Bennett Tomlin, co-host of the...

Tuesday, July 27, 2021, 01:30:00 PM

US Treasury Quells Fears, Set to Clarify New Crypto IRS Reporting Requirements

In a sign of relief for the crypto community, the US Treasury Department is expected...

Saturday, August 14, 2021, 03:18:00 PM

Tether, Facebook’s Diem Token Were Main Focus of Yellen’s Meeting With Regulators

With a number of major stablecoins gaining momentum in the cryptocurrency market, US regulators are...

Sunday, August 1, 2021, 03:03:00 PM