Consumer protection watchdog warns about Tether's reserves, but S&P Global gives it a stability score of 4/5

From Cointelegraph

September 12, 2024 5:07 AM:

Tether, a popular stablecoin, received a stability score of 4 out of 5 from the S&P Global ratings agency. The score indicates Tether’s stability level, with 5 being the highest risk rating.

This rating from S&P Global is notable as it provides insight into the stability of Tether, a widely used stablecoin in the cryptocurrency market.

The rating is crucial for investors and traders who rely on Tether for its stability and peg to the US dollar.

Tether has faced scrutiny in the past regarding its backing and transparency, making this stability score an important reassurance for users.

Read more at Cointelegraph: Consumer protection watchdog warns about Tether’s reserves