The ratings agency cited bitcoin's rising share in the stablecoin reserves, making USDT vulnerable to falling prices.

Related Articles & Analysis

Bitcoin shows ‘strong negative correlation’ with USDt activity: Glassnode
BitRSS

Bitcoin shows ‘strong negative correlation’ with USDt activity: Glassnode
CoinTelegraph

S&P downgrades Tether’s stability rating to ‘weak’ as Bitcoin holdings exceed safety buffer
BitRSS
S&P Downgrades Tether's USDT Stability to 'Weak' Due to Bitcoin Backing Concerns
BitRSS

S&P Downgrades Tether's USDT Stability to 'Weak' Due to Bitcoin Backing Concerns
Decrypt

XRP Price Prediction: 21Shares XRP ETF (TOXR) Launches Friday – Can XRP Finally Break $3?
CryptoNews.com
