The producer of the S&P 500 recently conducted an assessment of eight stablecoins. Among the stablecoins evaluated, Tether received the second-lowest rating. This assessment is significant as it provides insights into the stability and reliability of these digital currencies. Tether, a popular stablecoin, has faced criticism and controversy in the past due to concerns about its backing and transparency. The S&P 500’s assessment serves as a valuable reference for investors and market participants, helping them make informed decisions when it comes to utilizing stablecoins in their financial activities.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinS&P Global's Stablecoin Ratings: GUSD, USDP, and USDC Ranked Highest