S&P Downgrades Tether to ‘Weak’ as Bitcoin Risks Eclipse Safety Buffer

S&P Global Ratings has downgraded its stability assessment of Tether (USDT) to “weak” (5), the lowest rung on its 1-to-5 scale. The downgrade was triggered by a shift in Tether’s reserve composition, where exposure to volatile assets, specifically Bitcoin, now exceeds the company’s equity buffer. S&P’s Concerns: Reserves, Risk and Disclosure S&P’s assessment highlights a […] Read The Full Article S&P Downgrades Tether to ‘Weak’ as Bitcoin Risks Eclipse Safety Buffer On Coin Edition.