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Tether’s USDT, the dominant dollar-pegged stablecoin with nearly $185 billion in circulation, just took a hit from traditional finance rating powerhouse S&P Global, as it downgraded its assessment of USDT’s ability to maintain its peg from 4 to 5, which is the weakest score on its associated scale.
S&P originally rolled out its stablecoin rating framework in 2023 to gauge risks like liquidity, governance, and asset backing in the emerging sector. According to their recent report on…
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Tether’s USDT, the dominant dollar-pegged stablecoin with nearly $185 billion in circulation, just took a hit from traditional finance rating powerhouse S&P Global, as it downgraded its assessment of USDT’s ability to maintain its peg from 4 to 5, which is the weakest score on its associated scale.
S&P originally rolled out its stablecoin rating framework in 2023 to gauge risks like liquidity, governance, and asset backing in the emerging sector. According to their recent report on…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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