Tether, operator of the largest stablecoin, USDT, has filed a strong complaint regarding S&P Downgrade’s most recent negative credit evaluation. Tether’s management believes these criticisms are due to the rating firm’s S&P estimations not fully capturing the extraordinary financial strength of the company, particularly due to the substantial operational profitability, as well as the large … Continue reading "Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation" The post Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation appeared first on Cryptoknowmics-Crypto News and Media Platform.Tether, operator of the largest stablecoin, USDT, has filed a strong complaint regarding S&P Downgrade’s most recent negative credit evaluation. Tether’s management believes these criticisms are due to the rating firm’s S&P estimations not fully capturing the extraordinary financial strength of the company, particularly due to the substantial operational profitability, as well as the large … Continue reading "Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation" The post Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation appeared first on Cryptoknowmics-Crypto News and Media Platform.
Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation
Tether, operator of the largest stablecoin, USDT, has filed a strong complaint regarding S&P Downgrade’s most recent negative credit evaluation. Tether’s management believes these criticisms are due to the rating firm’s S&P estimations not fully capturing the extraordinary financial strength of the company, particularly due to the substantial operational profitability, as well as the large …
Continue reading "Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation"
The post Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation appeared first on Cryptoknowmics-Crypto News and Media Platform.
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