S&P downgrades the ability of Tether’s USDT to maintain its peg to the US dollar to “weak”, the lowest rating, citing exposure to high-risk assets such as BTC (Emily Nicolle/Bloomberg)

Emily Nicolle / Bloomberg:
S&P downgrades the ability of Tether's USDT to maintain its peg to the US dollar to “weak”, the lowest rating, citing exposure to high-risk assets such as BTC  —  The ability of Tether's USDT stablecoin to maintain its peg to the US dollar has been downgraded to the lowest rating …