Tether Defends Stablecoin Reserves After S&P Downgrade

S&P Global Ratings downgraded Tether’s USD-pegged stablecoin, citing concerns over asset volatility and potential for instability. Tether CEO Paolo Ardoino refutes the analysis, emphasizing its robust financial reserves and operational structure. This debate highlights broader questions surrounding stablecoin transparency and market trust in a dynamic crypto ecosystem. 7 billion dollars in excess equity and 500 million dollars in monthly profits from Treasury bonds are cited as evidence of Tether’s financial health.