S&P Downgrades Tether’s Stability Assessment: Impact & Outlook

Tether, the world’s leading stablecoin, has seen its stability rating downgraded by S&P Global Ratings. The rating shift from ‘Constrained’ to ‘Weak’, reflects increased risk due to high-risk assets held in Tether’s reserve portfolio. This signals a potential vulnerability for the USD peg of Tether (USDT). While no immediate depeg is expected, the market remains cautious, as indicated by experts and analysts.