#稳定币市场发展 The stablecoin market is once again making waves! Seeing the news that S&P downgraded USDT's rating, I can't help but feel amazed at how quickly this industry is evolving. Although USDT remains the largest stablecoin by market cap, there is definitely room for improvement in transparency and risk management. This also reflects the increasing attention traditional financial institutions are paying to the crypto space, and perhaps more similar ratings will emerge in the future. However, the response from Tether's CEO is also quite interesting, highlighting the limitations of traditional rating systems. This reminds us that while embracing innovation, we must also maintain independent thinking and not blindly follow so-called authorities. For ordinary users, diversifying risks and focusing on the development of the projects themselves is the key. Let's continue to follow this vibrant market and witness the evolution of decentralized finance!