S&P Global: Downgrades USDT's ability to be pegged to the US dollar to the lowest rating.
SP Global Ratings has downgraded Tether's USDT stablecoin's ability to maintain its peg to the US dollar to the lowest rating and warned that a decline in Bitcoin prices could lead to undercollateralization risks for the stablecoin.
On Wednesday, the rating agency's analysts downgraded USDT's stability rating from "Limited" to "Weak." SP stated that this assessment "reflects the increased exposure to high-risk assets in USDT's reserves over the past year," including Bitcoin, gold, secured loans, and corporate bonds, while also considering the limited disclosure of information.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Metaplanet Secures $130 Million Loan to Acquire Bitcoin, Pursuing 1% Supply Goal Despite Market Slump
- Metaplanet borrows $130M to buy Bitcoin , using BTC as collateral amid market downturn. - Funds will expand BTC holdings to 1% of total supply by 2027, mirroring Strategy’s approach. - Loan terms include floating rates and early repayment, with $2.7B BTC reserves as collateral. - Company also raises $135M via preferred shares, as Japan firms push crypto adoption. - Leaders remain bullish on long-term BTC value despite 20% unrealized losses and market volatility.
This Is the Moment: 5 Altcoins Ready for Massive Gains as the Golden Cross Signals Liftoff
This Is the Moment: 5 Memecoins Ready for Massive Gains as this month comes to an end
LINK Tests $13.50 as Bulls Watch $16 and $20 Levels for a Breakout Move
Trending news
MoreCrypto prices
More
