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OFFICIAL CORRECTION-Stablecoin Tether boosts U.S. Treasuries, cuts commercial paper holdings in Q1

(Corrects after Tether says it cut commercial paper to $20.1 billion, not $19.9 billion)

LONDON, May 19 (Reuters) - Tether, the world’s largest stablecoin, boosted its holdings of U.S. government debt by over 13% to $39.2 billion, while cutting its exposure to riskier commercial paper by around 17% to $20.1 billion in the first quarter of 2022, the company said on Thursday. (Reporting by Elizabeth Howcroft; editing by Tom Wilson)

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