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In fact, $30 billion of the Tether's dollar holdings are invested in commercial paper, which makes one of the largest holders of this debt asset class and puts the firm ahead of some top financial firms. The issue of Tether's commercial paper is such a hot topic that the CTO recently made the following comments in relation to Tether's commercial paper holdings. There is a fun game among financial journalists and other interested observers who try to find anyone who has actually traded commercial paper with Tether, or any of its actual holdings. Tether ( USDT-USD) has issued what it calls a " breakdown of . With its rapidly growing market capitalization, one-to-one stablecoins are competing with short-term debt products . Tether is the issuer of the largest stablecoin in the crypto markets, USDT, which has a market cap of $68 billion. The stablecoin Tether is the largest by market cap, reaching $68.4 billion as of September 30.

By Frances Yue Aug 9, 2021 at 5:23 p.m. UTC Such holdings of companies' short-term debt would make it the seventh largest in the world. It kept detailed accounts of billions of dollars in short-term loans to some of China's biggest companies -- something money market funds should have avoided, and that was before . If true, Tether's holdings of commercial paper would be the seventh-largest in the world. "At this time, we do not disclose the make-up of our commercial paper holdings," Tether's spokesperson said.

The company behind the Tether cryptocurrency . Today, Tether Holdings Limited made available its latest quarterly assurance opinion which not only includes the composition of its reserves but also provides a clear breakdown of the ratings and maturity of its commercial paper and certificates of deposit.


80% of decentralised currency volume disappears overnight. "Tether does not hold any commercial paper or other debt or securities issued by Evergrande and has never done so," said a spokesperson for Tether. This comes amid concerns that … Tether Holdings Ltd., the company behind the USDT coin, revealed last month that about half of its assets are held in the form of commercial paper or certificates of deposit. Businessweek obtained a document showing a detailed account of Tether Holdings Ltd.'s reserves. Tether is 80% of beeteecee volume; even if tether once had $64 billion dollars, the value of their chinese commercial paper would be down at least 30%, and at least 50% if it's evergrande. More than $19 billion in Treasury bills are held in reserve.

The report was conducted by Moore Cayman, a Cayman Islands-based auditor, on June 30, 2021.

Tether has also given the breakdown of the maturity of the commercial paper and certificates of deposit holdings this time. Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets .

80% of decentralised currency volume disappears overnight.

Tether operates a so-called stablecoin, which it says is backed one-for-one by dollar assets. This is Tether's second reserves report since its launch in 2014. If Tether goes to 0. While Tether (the company) said back in September it doesn't hold Evergrande commercial paper, about a month ago Bloomberg BusinessWeek reported Tether's holdings included "billions of dollars of short-term loans to large Chinese companies .

In the Tuesday announcement, Hindenburg expressed doubts about Tether's backing, explicitly highlighting the company's claims that USDT is fully backed by a mix of cash and commercial paper reserves. Stablecoins such as tether (USDT), now a significant investor in the $1.1 trillion commercial paper market, could introduce new risks into short-term securities markets, global ratings agency . Tether declined to comment on that. I also asked if the commercial paper was Chinese. That includes $30.6 billion in commercial paper and certificates of deposit, $7.2 billion in cash, almost $1 billion in money market funds and $19 billion in Treasury bills.

"As we have indicated in our published statements and in our most recent assurance attestation with a reporting date of June 30, 2021, the vast majority of the commercial paper held by Tether .

A recent "transparency report" showed that much of Tether's holdings are in commercial paper, a form of debt that allows the company to earn yield but which may become riskier during financial crises. That includes $30.6 billion in commercial paper and certificates of deposit, $7.2 billion in cash, almost $1 billion in money market funds and $19 billion in Treasury bills. On his show, he educated his users about Tether's suspicious backing, and noted that 65% of their holdings are in commercial paper. Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman.

Another 18 per cent is held in fiduciary deposits, more than 12 per cent in secured loans and nearly 10 per cent in .

Hindenburg is seeking information including Tether's commercial paper holdings, service providers, and its process for printing reserves. Business Insider reports that Tether is currently in huge debt. The company claims to hold a significant portion of its reserves in commercial paper yet has disclosed virtually nothing about its counterparties. Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman.

Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman.

He said the vast majority of its commercial paper has high grades from credit ratings firms, and that its secured loans are low-risk, because borrowers have to put up Bitcoin that's worth more than . Tether is committed to continuing to . In May this year, Tether provided a breakdown of those reserves, as part of a settlement with the New York Attorney General, that revealed Tether's holdings of just under US$30 billion in commercial paper, a short-dated investment similar to cash. With its rapidly growing market capitalization, one-to-one stablecoins are competing with short-term debt products . The […] Addressing Tether's failure to disclose its holdings to the public, Hindenburg Research founder Nathan Anderson said: "We feel strongly that Tether should fully and thoroughly disclose its . Another 18 per cent is held in fiduciary deposits, more than 12 per cent in secured loans and nearly 10 per cent in . That includes $30.6 billion in commercial paper and certificates of deposit, $7.2 billion in cash, almost $1 billion in money market funds and $19 billion in Treasury bills. A growing crisis in China could have a big impact in the market for commercial paper. If the commercial paper that backs Tether fails, the actual value of Tether (USDT) could plunge below its 1-to-1, 1 Tether-to-1 US dollar ratio. Commercial paper and certificates of deposit make up nearly half of Tether's assets, some $30.8 billion on June 30, 2021 — the date specified in its most recent assurance report. This comes as the Evergrande debt crisis and rival stablecoins shine a .

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