Tether CEO Responds to S&P Rating Criticism

According to PANews, Tether CEO Paolo Ardoino has addressed the recent rating given by S&P Global on the X platform, expressing pride in the assessment. Ardoino criticized traditional financial institutions' rating models, which have historically led individuals and organizations to invest in companies that eventually failed despite having investment-grade ratings. This has prompted global regulators to question the models and the supposed independence and objectivity of major rating agencies. Ardoino stated that when companies attempt to challenge the 'gravity' of the broken financial system, traditional finance's promotional machinery becomes anxious, suggesting that no company should dare to detach from it. He emphasized that Tether has established itself as the first company in the financial industry with excessive capital and without holding any toxic reserve assets, maintaining high profitability. This statement follows S&P Global's decision to downgrade USDT's stability rating to the lowest level, citing exposure risks related to Bitcoin.