China's Crypto Traders Panic as S&P Downgrades Tether's USDT

S&P Global Ratings downgraded Tether's USDT stablecoin stability score from constrained to weak, citing increased exposure to volatile assets like Bitcoin. This move triggered intense debate on Chinese social media, with traders expressing concerns ranging from skepticism to outright panic.

Source: beincrypto.com

Related symbols: USDTUSD