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Tether Fights Back as S&P Downgrade Fuels Doubts Coinpaper 4 days ago

Tether Fights Back as S&P Downgrade Fuels Doubts 🧐

Tether is contesting the recent downgrade by S&P Global concerning the stability of USDT's peg. The stablecoin issuer argues that the ratings agency has failed to account for its significant financial resources, including billions in equity, retained earnings, and revenue generated from Treasury yields.

Source: coinpaper.com ↗

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