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 Downgrades Tether Over Reserve Concerns The ratings firm cut back its score for Tether from “constrained” to “weak.”

The post Is Tether’s Stability at Risk? S&P Downgrades USDT Amid BTC Exposure Concerns appeared first on CoinGape.

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