Stablecoin Giant Tether Disputes S&P Rating Method After USDT Score Drop

Tether pushed back Wednesday after S&P Global Ratings downgraded USDT’s stability assessment to its lowest tier, arguing the agency relied on outdated assumptions and ignored the stablecoin’s decade-long record of maintaining its peg. Tether Rebukes S&P After USDT Stability Score Falls to Lowest Tier S&P cut USDT’s stability score to 5 — the weakest level