S&P Global Ratings downgraded Tether’s USDt to lowest stability rating due to backing with “higher-risk” assets like Bitcoin, gold, and corporate bonds, risking volatility and collateral coverage. Tether, headquartered in El Salvador, lacks sufficient audits. Tether disputed the report, emphasizing strong backing from US Treasurys. Tether now holds significant gold reserves, US Treasury securities, and operates like a central bank, accumulating 116 tons of gold.

Read more at Cointelegraph: S&P Global Downgrades USDt Stability Rating to Lowest Score Possible