S&P Global Cuts Tether’s USDT Stability Rating To Lowest Tier, Citing Rising Exposure To High-Risk Reserves
S&P Global Ratings has downgraded the stability assessment of Tether’s USDT to its lowest classification, warning that the world’s largest stablecoin is now more vulnerable to reserve shortfalls if Bitcoin prices continue to fall. The rating was lowered from “constrained” to “weak,” reflecting what