Tether received a 'weak' grade on USDT, as S&P Ratings Global expressed doubts the company had reliable collaterals to support the stablecoin's dollar peg.
S&P Rating Upgrade: Global rating agency S&P has upgraded the rating of 10 big financial institutions including SBI, HDFC Bank, Tata Capital, ICICI, Axis, Kotak Mahindra, Union Bank, Indian Bank, ...