@mariaaz

S&P Global Ratings has lowered its stability assessment of Tether’s USDT from “Constrained” to its lowest rating, “Weak,” pointing to a growing share of riskier reserve holdings and insufficient transparency. The agency noted that bitcoin now makes up roughly 5.6% of USDT’s circulating supply exceeding its 3.9% overcollateralization buffer and cautioned that a decline in bitcoin or other high risk assets could leave Tether’s reserves unable to fully back all tokens in circulation.🔥✨

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