Uniswap Labs Launches Venture Arm
Circle to Submit Banking Operation Application

Tether to Further Reduce Holdings of Commercial Debt in its Reserves

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

Paolo Ardoino, CTO of stablecoin (USDT) issuer Tether, said that Tether plans to further reduce the holdings of commercial debt in its reserves and continue to improve Tether’s transparency. As a result, the share of commercial debt in Tether’s total reserves in the fourth The quarter of 2021 has fallen to around 30% from more than 44% in the third quarter, and Tether has moved the corresponding funds from commercial paper to US Treasurys.

BingX’s Bitcoin Chart

Source: TradingView & BingX

The on-chain data shows that Luna Foundation Guard has accumulated a total of 2508.95BTC today, and the address currently holds 42406.93 BTC. BTC was trading around $41,000 and is up by 3.7% over the past 24 hours. The 20-day exponential moving average ($42,967) could stop the relief rally, which suggests that bears are selling on rallies if the price turns down from this resistance. The downsloping 20-day EMA and the relative strength index (RSI) below 44 suggest a minor advantage to sellers. A downward-sloping 20-day EMA and a relative strength index (RSI) below 44 points to a slight advantage for sellers.

Disclaimer:  BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.