Stocktwits on MSN

Tether’s USDT Downgraded To ‘Weak’ By S&P After Bitcoin Stores Exceed Reserve Cushion

S&P Global on Wednesday downgraded Tether’s USDT to ‘weak’ from ‘constrained’. ・It noted that high-risk assets now make up ...
Coinspeaker

S&P Downgrades Tether USDT Stability Rating to Lowest Possible Grade

S&P downgrades Tether's USDT to lowest grade citing high-risk assets, Bitcoin exposure, and transparency concerns.
Cryptopolitan on MSN

Bitcoin shows ‘strong negative correlation’ with USDT activity, study shows

Glassnode reports a ‘strong negative correlation’ between Bitcoin (BTC) price and net flows of USDT to exchanges over the ...
Crypto Briefing

Tether fires back at S&P after USDT downgraded to weakest score

Tether responds to S&P’s downgrade of USDT, citing $135B in Treasuries, $13B profit, and critical use in global payments.
Decrypt

S&P Downgrades Tether's USDT Stability to 'Weak' Due to Bitcoin Backing Concerns

S&P Global Ratings has downgraded Tether's USDT, warning that the industry-leading stablecoin could suffer if Bitcoin's price ...
CoinTelegraph

Tether scraps plan to freeze USDT on five blockchains

Stablecoin issuer Tether has abandoned its plan to freeze USDT smart contracts on five chains, saying the tokens will remain transferable but no longer be issued or redeemed. The revised plan impacts ...
CoinDesk

What Is Tether? How USDT Works and What Backs Its Value

Tether issues one of the most popular and widely used cryptocurrencies on the crypto market, a stablecoin called tether (USDT). Tether the protocol is closely connected to the crypto exchange Bitfinex ...