X @BSCN

S&P DOWNGRADES TETHER’S USDT: WHAT THE NEW “WEAK” RATING MEANS- S&P Global Ratings has lowered its stability score for USDT to “Weak.”- The agency flagged rising exposure to high-risk assets and ongoing gaps in transparency.- S&P said the stablecoin no longer carries enough protection to absorb a major drop in bitcoin’s price.Risky Reserves in Focus- Bitcoin now makes up about 5.6% of USDT’s backing. That is higher than the reserve buffer Tether reported in its latest attestation.- S&P warned that a sharp b ...