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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.

Tether co-founder’s new coin STBL is already down 80%

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.

According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA.

Justin Sun has taken to X to defend HTX’s reserves, however, a close review reveals HTX is lending 92% of its USDT on Aave.