S&P Downgrades Tether USDT Stability, Citing Peg Risks ⚠️
S&P Global Ratings has lowered the stability rating of Tether's USDT stablecoin, marking a significant development in the cryptocurrency market. The decision was influenced by concerns over Tether's reserves, which include volatile assets like Bitcoin, and the perceived insufficiency of its audits.
Despite these concerns, it is noted that 75% of Tether's reserves are comprised of safer assets, yet this has not alleviated the doubts regarding the stablecoin's long-term stability. The downgrade could have broader implications for the stablecoin and crypto market participants.
Similar articles (21)
S&P Downgrades Tether's USDT Stability to 'Weak' Due to Bitcoin Backing Concerns
S&P Downgrades Tether's USDT, Citing Falling Bitcoin Prices as Risk
'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle
S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says
Tether’s USDT stability score cut to ‘weak’ level as S&P says reserves can’t absorb bitcoin drop
S&P downgrades USDT’s dollar peg rating to lowest score
Tether Fights Back as S&P Downgrade Fuels Doubts
S&P downgrades Tether’s stability rating to ‘weak’ as Bitcoin holdings exceed safety buffer
S&P Global Downgrades Tether’s USDT as Reserve Risks Rise
S&P Deals Blow to Tether With Rock-Bottom USDt Rating
Opinion | The Clash of Paradigms: Why S&P Got Tether Wrong
China’s Crypto Traders Panic as S&P Downgrades Tether’s USDT
S&P downgrade puts tether usdt under pressure as Bitcoin risk eclipses safety buffer
Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
S&P Downgrades Tether to ‘Weak’ as Bitcoin Risks Eclipse Safety Buffer
TradFi “Propaganda Machine Growing Worried,” Says Tether CEO After S&P Downgrades USDT
US Giant Institution Turns Arrows to Tether (USDT) After Corporate Bull Startegy! "The Reason Is Bitcoin (BTC)!"
S&P downgrades Tether: risk for USDT and Juventus
Is Tether’s Stability at Risk? S&P Downgrades USDT Amid BTC Exposure Concerns
S&P cuts Tether’s stability rating as bitcoin risk grows
Stablecoin Giant Tether Disputes S&P Rating Method After USDT Score Drop
S&P Downgrades Tether's USDT, Citing Falling Bitcoin Prices as Risk
'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle
S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says
Tether’s USDT stability score cut to ‘weak’ level as S&P says reserves can’t absorb bitcoin drop
S&P downgrades USDT’s dollar peg rating to lowest score
Tether Fights Back as S&P Downgrade Fuels Doubts
S&P downgrades Tether’s stability rating to ‘weak’ as Bitcoin holdings exceed safety buffer
S&P Global Downgrades Tether’s USDT as Reserve Risks Rise
S&P Deals Blow to Tether With Rock-Bottom USDt Rating
Opinion | The Clash of Paradigms: Why S&P Got Tether Wrong
China’s Crypto Traders Panic as S&P Downgrades Tether’s USDT
S&P downgrade puts tether usdt under pressure as Bitcoin risk eclipses safety buffer
Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
S&P Downgrades Tether to ‘Weak’ as Bitcoin Risks Eclipse Safety Buffer
TradFi “Propaganda Machine Growing Worried,” Says Tether CEO After S&P Downgrades USDT
US Giant Institution Turns Arrows to Tether (USDT) After Corporate Bull Startegy! "The Reason Is Bitcoin (BTC)!"
S&P downgrades Tether: risk for USDT and Juventus
Is Tether’s Stability at Risk? S&P Downgrades USDT Amid BTC Exposure Concerns
S&P cuts Tether’s stability rating as bitcoin risk grows
Stablecoin Giant Tether Disputes S&P Rating Method After USDT Score Drop
