S&P Calls Tether ‘Weak’ — Meanwhile It’s Buying More Gold Than Central Banks

Tether (CRYPTO: USDT) just got slapped with the lowest possible stability score from S&P Global — and in the same breath, it’s quietly buying more gold than sovereign nations. Only in crypto does the market’s bedrock stablecoin get labeled structurally fragile the very week it starts stockpiling bullion like a central bank preparing for a monetary overhaul.

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S&P Sounds The Alarm

In its Nov. 26 assessment, S&P moved USDT from 4 (constrained) to 5 (weak), warning that Tether’s reserve composition has shifted meaningfully toward riskier components including Bitcoin, Gold, Secured loans and Corporate credit. The report notes Bitcoin now accounts for about 5.6% of …

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