Tether CEO Rejects S&P Downgrade as “FUD” Amid Record Market Dominance

[madtrader]

Tether is facing criticism from multiple fronts. After S&P Global downgraded USDT’s peg stability due to exposure to “higher-risk” assets like gold, loans and Bitcoin, CEO Paolo Ardoino fired back, calling the rating action “Tether FUD.”
He pointed to the company’s recent attestation as evidence of strong backing. Despite the scrutiny, USDT remains the dominant stablecoin, with $185.5 billion in circulation and nearly 59% market share, according to CoinMarketCap.

[Nahid Hossen]

Tether’s dominance keeps rising despite recurring skepticism from institutions.

[Abdul Khan]

Labeling it as FUD shows Tether’s confidence—but concerns won’t fade easily.