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Tether CEO responds to "S&P downgrades Tether's stability rating to the lowest level": We take pride in your disdain.
According to Deep Tide TechFlow news, on November 27, Tether CEO Paolo Ardoino responded on social media to “S&P downgrading Tether's stability rating to the weakest level,” stating, “We take pride in your disdain.”
Paolo Ardoino criticizes traditional rating models as being built for traditional financial institutions, which have historically misled private and institutional investors into investing in companies that, despite receiving investment-grade ratings, ultimately went bankrupt. This has prompted global regulators to question such models, as well as the independence and objectivity of all major rating agencies. Whenever any company attempts to challenge the gravity of the broken financial system, the traditional financial propaganda machine becomes concerned, believing that no company should dare to break away from the traditional financial system. Paolo Ardoino emphasizes that Tether has established the first over-capitalized company in the financial industry, with no toxic reserves, while maintaining extremely high profitability. He states that Tether is a living proof of how broken the traditional financial system is, to the extent that it instills fear in those “naked emperors.”