Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation

Tether, operator of the largest stablecoin, USDT, has filed a strong complaint regarding S&P Downgrade’s most recent negative credit evaluation. Tether’s management believes these criticisms are due to the rating firm’s S&P estimations not fully capturing the extraordinary financial strength of the company, particularly due to the substantial operational profitability, as well as the large …

Continue reading "Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation"

The post Tether Disputes S and P Downgrade, Claiming Reserves Miscalculation appeared first on Cryptoknowmics-Crypto News and Media Platform.