S&P Downgrades Tether's Stablecoin, USDT

S&P Global Ratings downgraded Tethers USDT stablecoin to its lowest rating due to increased risk assets and lack of transparency. Tether disputes the findings, highlighting USDTs strength and usefulness. Despite concerns, USDT remains the largest stablecoin, with a market value over $180 billion and a stable price tied to the US dollar.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.