15:51
S&P Global: Downgrades USDT's ability to peg to the US dollar to the lowest rating.
BlockBeats news, on November 26, according to Bloomberg, S&P Global Ratings has downgraded Tether's USDT stablecoin's ability to maintain its peg to the USD to the lowest rating, warning that a fall in Bitcoin prices could lead to insufficient collateral for the stablecoin. On Wednesday, the rating agency analysts downgraded USDT's stability rating from "restricted" to "weak." S&P stated that this assessment "reflects the increased exposure to high-risk assets in USDT reserves over the past year," which include Bitcoin, gold, secured loans, and corporate bonds, while also taking into account the limited disclosure of information.
BTC4.07%

