Bitcoin24h $67,964.00-3.43%

Ethereum24h $1,974.88-4.34%

BNB24h $627.61-2.59%

XRP24h $1.37-2.38%

Solana24h $84.28-4.15%

TRON24h $0.2839-0.53%

Dogecoin24h $0.0908-2.85%

Cardano24h $0.2589-3.57%

Bitcoin Cash24h $449.29-2.06%

UNUS SED LEO24h $9.06+0.03%

S&P Global Ratings says Tether’s stability is ‘weak’

S&P Global Ratings has lowered Tether’s rating to its lowest possible level in its most recent Stablecoin Stability Assessment.

CHART: USDC is growing faster than USDT under Trump

Tether’s USDT and Circle’s USDC have both grown under Trump, but USDC has seen a larger relative increase in its market capitalization.

Tether, along with corporate donors including Ripple and Coinbase, is helping to fund Donald Trump’s extravagant new White House ballroom.

Tether co-founder Reeve Collins launched his “next evolution of stablecoins” STBL last month, but its value has fallen 80% in four weeks.

According to Swan Bitcoin CEO Cory Klippsten, Howard Lutnick has been personally assisting Tether with a multi-billion dollar fundraise.