BlockBeats news, on November 26, according to Bloomberg, S&P Global Ratings has downgraded Tether's ability to maintain the peg of its USDT stablecoin to the US dollar to the lowest rating, warning that a fall in Bitcoin prices could lead to the risk of this stablecoin being under-collateralized. On Wednesday, the rating agency's analysts downgraded the stability rating of USDT from the previous 'limited' to 'weak'. S&P stated that this assessment 'reflects the increased exposure to high-risk assets in USDT reserves over the past year', which include Bitcoin, gold, secured loans, and corporate bonds, while also considering the limited disclosure of information.
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