we're at that part of the cycle where it's time to push Tether FUD again
Tether, “The Stable Company” just saw S&P cut its assessment rating from 4 to 5 - the lowest rating possible - citing persistent gaps in disclosure and high risk assets being held in its reserves.
Only in crypto would the bedrock stablecoin of crypto trading be viewed as so fundamentally risky. S&P notes
- high risk reserve assets
- persistent gaps in disclosure
- lack of robust regulatory framework
- no asset segregation
- limitations on primary redeemability
Incredibly boolish tbh
602
13
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.