Tether fires back at S&P after USDT downgraded to weakest score
Tether strongly refuted S&P's downgrade of USDT's stability score, citing massive Treasury holdings and proven redemption history.Summary
Tether has strongly criticized S&P Global Ratings for downgrading USDT's stability score to 5, the lowest level, due to perceived reserve risk and insufficient transparency regarding assets like Bitcoin. Tether argued the downgrade was misguided, relying on an outdated framework that overlooks the stablecoin's consistent performance, including never failing a redemption even during market crises. The company defended its strength by highlighting its $135 billion in Treasury holdings, over $13 billion in 2024 profit, and $10 billion year-to-date in 2025. Furthermore, Tether emphasized USDT's critical role as financial infrastructure in emerging markets. CEO Paolo Ardoino dismissed the rating as "legacy finance propaganda" and challenged S&P to evaluate USDT using transparent, on-chain data.
(Source：Crypto Briefing)