Tether's Downgrade: Implications for Crypto Markets and Beyond
- S&P Global downgraded Tether's USDT rating to its lowest level.
- Concerns persist regarding Tether's reserve transparency and Bitcoin exposure.
- Tether's response highlights tensions between traditional finance and crypto.
- The downgrade could impact liquidity and investor confidence in stablecoins.
- Institutional and retail reactions may diverge amid evolving market dynamics.