Tether has eliminated its commercial paper holdings entirely, adding more than $10 billion to its Treasury holdings last quarter

USDT issuer Tether announced Oct. 14 that it has removed commercial paper from its reserves and increased its direct exposure to U.S. Treasuries by more than $10 billion last quarter. Tether said it removed more than $30 billion in commercial paper without any losses. This further ensures that Tether has a diversified portfolio but limited exposure to riskier assets.