Tether CEO responds to S&P rating: S&P's traditional model is outdated, Tether is well-capitalized

Jinse Finance reported that Tether CEO Paolo Ardoino responded to the rating given to Tether by S&P, stating that the agency's traditional model has "harmed investors for decades" and emphasized that Tether is well-capitalized with "no toxic reserves." He added, "We are proud of your disdain."