Tether CEO Pushes Back After S&P Global Ratings Labels USDT a ’Weak’ Stablecoin
S&P Global Ratings has drawn fierce criticism from Tether's leadership after assigning the world's largest stablecoin its lowest possible risk assessment. The '5 (weak)' rating challenges USDT's dominance as the dollar-pegged token of choice across crypto markets.
Tether's CEO issued a swift rebuttal, defending the stablecoin's liquidity and reserve management. The clash highlights growing scrutiny of stablecoin operators as regulators demand greater transparency in the $160 billion market.