The post BREAKING: Why Tether’s USDT Is One Bitcoin Crash From Breaking appeared first on Coinpedia Fintech News
Tether has taken plenty of hits over the years, but this one could be different.
On November 26, S&P Global Ratings dropped an update that could end up being one of the most important stablecoin calls in a decade. And as author and analyst Shanaka Anslem Perera explains, the numbers behind it should make the entire market pay attention.
A “Weak” Rating for the World’s Biggest Stablecoin
S&P cut USDT to its lowest stability score – 5, labeled “Weak.” No stablecoin of this size has ever been rated this poorly.
Perera breaks it down in one brutal comparison:
Bitcoin in reserves: 5.6%
Tether’s safety buffer: 3.9%
“Read that again,” he wrote. “The volatile asset exceeds the cushion meant to absorb its fall.”
S&P didn’t sugar-coat anything either. A Bitcoin drop, it said, could lead to USDT being undercollateralized.
For a $18
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