Tether CEO Paolo Ardoino fired back at S&P Global Ratings after it downgraded USDT’s dollar-peg score, calling the agency a “propaganda machine.”
On Wednesday, Nov. 26, S&P Global Ratings lowered its stablecoin stability assessment for USDT from 4 (constrained) to 5 (weak), its lowest mark, putting USDT in the same bucket as Justin Sun-linked TrueUSD (TUSD) and Ethena’s USDe.
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