|Day's Range||0.9995 - 1.0006|
|52 Week Range||0.9940 - 1.0280|
|Volume (24hr) All Currencies||67.23B|
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Stablecoins such as tether (USDT), now a significant investor in the $1.1 trillion commercial paper market, could introduce new risks into short-term securities markets, global ratings agency Fitch Ratings warned. At the current rate of growth, stablecoin issuers’ holdings of short-term debt instruments such as commercial paper – a commonly used type of unsecured debt issued by corporations, typically used for the financing of payroll, accounts payable and inventories – will grow to exceed that of money market funds over the next two to three years, according to Fitch. The scale of run risks and stablecoin-related turbulence posed to commercial paper markets will depend on the evolution of regulations affecting the crypto asset class, Fitch said in a press release.