Cryptocurrencies
Tether Fails to Dispel Mystery on Stablecoin’s Crucial Reserves
- Holding include $30.6 billion in commercial paper and CDs
- About $1 billion moved from reverse repo notes to money funds
Photographer: Andrew Harrer/Bloomberg
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The latest financial disclosure from Tether, which serves as a controversial foundation for much of the cryptocurrency market, didn’t shed any more light on where its reserves are held.