S&P Global Ratings seems to have a pessimistic view on crypto world companies, and the rating for MicroStrategy is B-.
Tether has given the lowest rating because Bitcoin, corporate bonds, gold, and mortgage-backed securities account for 24% of USDT reserves, while the rest consists of overnight reverse repos of short-term U.S. Treasury bills.
This proportion feels much more stable than traditional companies, right?
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S&P Global Ratings seems to have a pessimistic view on crypto world companies, and the rating for MicroStrategy is B-.
Tether has given the lowest rating because Bitcoin, corporate bonds, gold, and mortgage-backed securities account for 24% of USDT reserves, while the rest consists of overnight reverse repos of short-term U.S. Treasury bills.
This proportion feels much more stable than traditional companies, right?