S&P Global Ratings has downgraded Tether’s $USDT, citing concerns over its exposure to volatile assets like Bitcoin. The agency warned that a drop in Bitcoin’s value could undermine the collateral backing $USDT and affect its stability.
S&P Global Ratings has downgraded Tether’s $USDT, citing concerns over its exposure to volatile assets like Bitcoin. The agency warned that a drop in Bitcoin’s value could undermine the collateral backing $USDT and affect its stability.