Tether CEO responds to S&P's downgrade of USDT rating: The fragility of the old system is making those in power feel uneasy.

BlockBeats news, on November 27, Tether CEO Paolo Ardoino responded to S&P's latest rating of Tether by stating, “We take pride in being hated by you.” Paolo Ardoino pointed out that the traditional rating system has long led investors toward ultimately collapsing “investment-grade” institutions, raising global regulatory questions about the independence of rating agencies. He claimed that the traditional financial system is unwilling to see any company escape its “failing gravity,” but Tether has created the industry's first over-capitalized company with no toxic assets and consistently high profits, proving that the fragility of the old system is causing the “emperor's new clothes” rulers to feel uneasy.