Venezuela illustrates how residents rely on Tether’s USDT stablecoin amid government instability
Tether (USDT) stablecoin logo. Cost Photo | Null Photo | Getty Images In the context of US military actions in Venezuela, locals hurried to convert their Bolivars into a dollar-equivalent digital currency known as USDT. Although the attack might have caught some off guard, the swift adoption of stablecoins was expected. From the Middle East […]
S&P Lowers Tether’s USDT Stability Rating to ‘Weak’ Over Bitcoin Support Issues
Simply put S&P Global Ratings has lowered its outlook on USDT’s ability to maintain a 1:1 value with the dollar, assigning it a “weak” rating. This downgrade comes as Tether, the issuer of USDT, is reported to back the token with high-risk assets. Tether has criticized the rating, highlighting that USDT has successfully navigated financial […]
Bitcoin and Gold: Tether’s New Investment Strengthens ‘Dual Pillar Strategy’
Simply put Stablecoin giant Tether emphasizes the importance of diversifying your portfolio. The company, based in El Salvador, has acquired a substantial stake in the Canadian Gold Royalty Company. Tether also owns a significant amount of Bitcoin, valued at around $10.7 billion. Stablecoin issuer Tether has invested in a gold company as it continues to […]