Bloomberg.com
Tether Stablecoin Stability Rating Reduced to ‘Weak’ at S&P
The ability of Tether’s USDT stablecoin to maintain its peg to the US dollar has been downgraded to the lowest rating by S&P Global Ratings, ...
furio
furio
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Make the states great again.
Move all unconstitutional federal powers back to state control.
Enforce the 10th Amendment.
Build cashu tools.
S&P says tether, with 70-80% reserves in USTs is “weak.”
Now do JPM.
And tradfi inflooencers spike the football that this proves tether is a scam.