Editor
Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets.
Stablecoins — a variety of cryptocurrencies designed to keep a steady value — are in sharp focus after the collapse of the TerraUSD token in May.
Usually underpinned by reserves of assets such as the US dollar, gold and government debt, stablecoins are…
