Tether CEO Paolo Ardoino has pushed back strongly against S&P Global following its decision to downgrade USDT’s dollar-peg stability. He argued that the rating—lowered from level 4 (“constrained”) to 5 (“weak”)—relied on what he described as outdated legacy models, incomplete data, and an inaccurate representation of Tether’s financial position. S&P’s downgrade, issued on November 26, […]Tether CEO Paolo Ardoino has pushed back strongly against S&P Global following its decision to downgrade USDT’s dollar-peg stability. He argued that the rating—lowered from level 4 (“constrained”) to 5 (“weak”)—relied on what he described as outdated legacy models, incomplete data, and an inaccurate representation of Tether’s financial position. S&P’s downgrade, issued on November 26, […]
Tether CEO Slams S&P Rating as “Outdated” After USDT Peg Downgrad
Tether CEO Paolo Ardoino has pushed back strongly against S&P Global following its decision to downgrade USDT’s dollar-peg stability. He argued that the rating—lowered from level 4 (“constrained”) to 5 (“weak”)—relied on what he described as outdated legacy models, incomplete data, and an inaccurate representation of Tether’s financial position. S&P’s downgrade, issued on November 26, […]
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