Based on Bpaynews, Tether CEO Paolo Ardoino has responded to the S&P downgrade of Tether’s stability rating, defending the company’s financial model and criticizing the reliability of traditional financial rating systems. Ardoino stated that Tether operates as a capital-surplus company without toxic assets, challenging the conventional metrics used by rating agencies. He argued that the downgrade reflects flaws in traditional financial systems rather than a failure of Tether’s operations.
Tether CEO Defends Against S&P Rating Downgrade
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