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
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