Tether slashes commercial paper by 21% in latest reserves attestation
![Tether slashes commercial paper by 21% in latest reserves attestation](https://cryptoinvestment.at/wp-content/uploads/2022/02/tether-slashes-commercial-paper-by-21-in-latest-reserves-attestation.jpg)
Tether’s cash and bank deposits also dropped 42% to 4.187 billion, while its allocation to money market funds increased 200% to $3 billion, and its treasury bills grew 77.6% to $34.52 billion.