Tether CEO slams S&P ratings agency and Influencers spreading USDt FUD
Overview
Tether’s CEO has publicly criticized S&P’s ratings agency and various influencers for spreading fear, uncertainty, and doubt (FUD) regarding USDt. This response comes in light of S&P’s recent downgrade of USDt’s ability to maintain its peg, raising concerns related to Tether’s reserves.
Details of the Situation
The controversy arose after S&P issued a downgrade regarding USDt, indicating that the ratings agency had concerns about Tether’s ability to sustain its peg. Specifically, S&P’s assessment pointed to Tether’s reserves, which include Bitcoin and gold, as factors contributing to their downgrade. This situation highlights the ongoing scrutiny faced by stablecoin issuers and the reliance on their reserve assets to uphold their value.
Impact on the crypto market
- Increased scrutiny on stablecoins and their reserve management practices.
- Potential influence on investor confidence in Tether and other stablecoins.
- Heightened discussions around the credibility of ratings agencies in the cryptocurrency sector.
- Possible shifts in trading strategies among investors due to perceived risks associated with USDt.
- Amplified debates regarding the transparency and regulation of stablecoin assets.
Updated: 11/30/2025, 9:20:19 PM
