S&P Downgrades Tether’s Dollar Peg Rating to ‘Weak’
S&P Global Ratings has downgraded its assessment of Tether’s ability to maintain its dollar peg from “constrained” to “weak.” The agency cites rising exposure to high-risk assets like bitcoin and persistent disclosure gaps. Bitcoin now accounts for 5.6% of USDT reserves, exceeding the 3.9% safety ma