The world’s largest stablecoin issuer, Tether, has received a grade of “5,” the lowest possible, in an assessment from S&P analysts measuring USDT‘s ability to stay pegged to the US dollar.
Analysts at S&P had previously rated USDT a 4, indicating “constrained” ability to remain pegged to the dollar. Its new rating of “5” drops that down to “weak.” In a Nov. 26 report detailing their decision to downgrade USDT, the analysts cited increasing exposure to “high-risk assets” including Bitcoin
BTC
$90 298
24h volatility:
3.4%
Market cap:
$1.80 T
Vol. 24h:
$70.00 B
, gold, secured loans, corporate bonds, and “other investments,” as the primary reason for the lower grade.
The report also
We współpracy z: https://www.coinspeaker.com/sp-downgrades-tether-usdt-lowest-stability-grade/
