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S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking

USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat, the rating agency says.

Updated Mar 8, 2024, 6:37 p.m. Published Dec 13, 2023, 3:58 p.m.
Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)
Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)