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Tether’s stablecoin downgraded to ‘weak’ in S&P assessment

PARIS :S&P Global has downgraded its rating of the world’s largest stablecoin, Tether, citing an increase in higher-risk assets in the cryptocurrency’s reserves and “persistent gaps in disclosure”, the ratings agency said on Wednesday.S&P in 2023 created a new scale from 1 to 5, to assess the risk of various

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