TETHER'S STABLECOIN DOWNGRADED TO 'WEAK' IN S&P ASSESSMENT
https://media.zenfs.com/en/reuters-finance.com/0be214060e26a3a8d1a75988db28f154
✍️ S&P Global downgrades Tether, the world's largest stablecoin, citing increased risk in its reserves and lack of transparency.
👉 S&P Global downgrades Tether's rating to 5 (weak) due to increased risk in its reserves 👉 Tether's reserves include high-risk assets such as bitcoin, gold, and corporate bonds 👉 S&P Global criticizes Tether for lacking transparency on its custodians, counterparties, and bank account providers
-- #ElizabethHowcroft #TommyReggioriWilkes #Paris #ElSalvador #technology
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