Tether’s Stability in Question: S&P Downgrade Sparks Controversy

S&P has lowered Tether’s USDT rating, citing concerns about the cryptocurrency’s backing and Bitcoin holdings. While Tether maintains its profitability and proposes a new financial model, experts raise questions about the stablecoin’s long-term stability. This move fuels ongoing debate surrounding the future of Tether and its impact on the crypto market.