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Kyle Baird

S&P Downgrades Tether's USDT Stability Rating to Lowest Level

S&P Global Ratings assigned Tether's USDT stablecoin its weakest stability assessment of 5, citing increased allocation to riskier reserve assets. Bitcoin holdings now represent approximately 5.6% of USDT's circulating supply, exceeding the 3.9% reserve buffer reported in Tether's third-quarter attestation. The agency warned that a significant bitcoin price decline could leave USDT undercollateralized, particularly if combined with losses from other high-risk assets.
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