S&P Warns Tether’s USDT Could Lose Peg if Bitcoin Price Declines ⚠️
S&P Global Ratings has downgraded the stability of Tether's USDT stablecoin, highlighting concerns over potential impacts from Bitcoin price fluctuations. The renowned firm points to unclear reserve details as a key factor in their decision, therefore rating its stability as weak.
This move from S&P suggests potential undercollateralization, adding to ongoing debates surrounding the transparency and reliability of stablecoins and their connections to major cryptocurrencies like Bitcoin.
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