Tether CEO Rejects S&P's Weak Stability Rating for USDT

Tether CEO Paolo Ardoino rejected S&P Global's downgrade of USDT's dollar-peg rating to "weak" on November 26, calling the assessment outdated and incomplete. Ardoino said the agency overlooked Tether's $7 billion excess equity, $184.5 billion in reserves, and $500 million monthly Treasury income. S&P cited increasing allocations to high-risk assets including Bitcoin, precious metals, corporate bonds, and secured loans as the basis for lowering the rating from level 4 to level 5.