Tether CEO Confronts S&P Downgrade and Market Influencers Over USDt Stability Concerns

In a recent industry development, Tether’s Chief Executive Officer has publicly criticized S&P Global Ratings following the agency’s decision to downgrade USDt’s capacity to maintain its 1:1 dollar peg. The assessment highlighted apprehensions regarding Tether’s reserve composition, specifically pointing to its holdings in Bitcoin and gold as potential risk factors. The CEO characterized the rating adjustment as unfounded, emphasizing Tether’s consistent track record in honoring redemptions and maintaining reserve transparency. Additionally, the executive addressed what was described as baseless fear, uncertainty, and doubt being propagated by certain social media influencers regarding USDt’s stability. Reiterating the company’s commitment to operational integrity, the CEO assured stakeholders that Tether’s reserves remain robust and fully backed, designed to withstand market volatility. This response underscores ongoing tensions between cryptocurrency entities and traditional financial rating systems, highlighting divergent perspectives on asset valuation and risk assessment in digital currency markets.