Tether’s Stability Rating Dropped: What Does it Mean for Crypto Markets?

S&P Global Ratings has downgraded Tether’s USDT stablecoin, raising concerns about its future stability and potential impact on the broader cryptocurrency market. The downgrade highlights concerns regarding Tether’s high-risk asset portfolios, including increased holdings of Bitcoin and gold. This move comes amid heightened scrutiny on the stability and liquidity of stablecoins following recent volatility in crypto markets.