Tether tumbles in S&P’s stablecoin scorecard
S&P Global, a renowned credit rating firm, has ventured into the volatile terrain of cryptocurrencies by launching a risk assessment scale for the world’s top stablecoins. Notably, Tether, a name synonymous with the stablecoin market, received a near-bottom ranking, a surprising twist given its widespread use and prominence in the digital currency sphere. Assessing the…