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Benzinga
Benzinga
Business
Surbhi Jain

S&P Calls Tether 'Weak' — Meanwhile It's Buying More Gold Than Central Banks

Various,Golden,Cryptocurrencies,Highlighting,Tether,Coin,With,Red,Textured,Background

Tether (CRYPTO: USDT) just got slapped with the lowest possible stability score from S&P Global — and in the same breath, it's quietly buying more gold than sovereign nations. Only in crypto does the market's bedrock stablecoin get labeled structurally fragile the very week it starts stockpiling bullion like a central bank preparing for a monetary overhaul.

  • Track USDT price here.
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