Tether Wears Traditional Finance Loathing with Pride
Tether CEO Paolo Ardoino recently expressed firm pride after S and P Global downgraded USDT's stability score, partially citing risks related to Bitcoin exposure. Ardoino fiercely criticized the assessment, suggesting that legacy financial rating models are fundamentally broken and prone to failure, often misleading investors into supporting companies that ultimately collapse.
He emphasized that #Tether stands apart as a pioneer in the financial industry, highlighting its status as having substantial excess capital and reserves free from toxic assets. Tether maintains consistently high profitability, reinforcing its solvency. Ardoino views the nervousness from traditional financial mechanisms as a predictable reaction whenever a company challenges their established gravity. This incident reinforces the narrative that decentralized finance is building a robust, independent system. The crypto future is bright because its strongest players are forging their own paths, demonstrating financial integrity and strength beyond the questionable standards of the legacy institutions they seek to replace. #anhbacong
