#稳定币动态 The S&P is really becoming more and more unreliable. Downgrading USDT’s rating? And dragging Bitcoin price volatility into it? This is a typical case of using an old mindset to judge new things. I’ve long seen through these so-called authoritative institutions—they know nothing about the crypto world, yet still put on a show and make judgments.

Tether’s reserve structure is indeed worth paying attention to, but its operating model is completely different from traditional financial institutions. Those of us who have experienced several bull and bear cycles know that USDT’s stability relies much more on market confidence and user demand than on any rating.

Tether’s CEO’s response was actually quite interesting. “Proud to be hated by you”? That’s pretty bold. But he’s right—the traditional financial system really doesn’t want to see any company escape its control. As investors, we should maintain independent thinking and not be led by the nose by these so-called authorities.

In short, when it comes to USDT, it’s important to remain cautious and use it appropriately. But there’s no need to panic over a single rating. The key is to pay close attention to Tether’s actual operations and market response—those are the real factors that impact USDT’s stability.