Tether, World's Biggest Stablecoin, Cuts Its Commercial Paper Holdings To Zero

Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. CNBC reports: The popular U.S.-dollar-pegged cryptocurrency said the move is part of tether's "ongoing efforts to increase transparency" and back its tokens with "the most secure reserves in the market" -- in the ultimate hope of ensuring investor protection. There are now about 68.4 billion tether tokens in circulation, accord