S&P stuft die Dollar-Anbindungsbewertung von USDT auf den niedrigsten Wert herab

tldr; S&P Global Ratings downgraded Tether’s USDT to the lowest score on its stablecoin stability scale, citing concerns over its ability to maintain its dollar peg. The rating was influenced by Tether’s use of higher-risk assets like Bitcoin, gold, and corporate bonds, as well as insufficient audits and proof-of-reserve reports. Despite this, 75% of USDT’s backing comes from low-risk US Treasurys. Tether disputed the report, emphasizing its resilience and global utility, while CEO Paolo Ardoino criticized traditional financial rating models.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

>Tether is the 17th largest holder of US Treasurys in the world, with over $112 billion in short-term US government securities…

So they print money out of thin air, then invest that money in securities at about a 3.5-4% APY. What a racket they have going for them.