PANews reported on November 27th that Tether CEO Paolo Ardoino responded to S&P's rating on the X platform, stating: "We are proud of your 'hatred' for the rating you gave Tether. Those classic rating models designed for traditional financial institutions have historically led countless individuals and institutions to invest their wealth in companies that, despite receiving investment-grade ratings, ultimately failed. This has prompted global regulators to question these models themselves, as well as the so-called independence and objective assessment capabilities of all major rating agencies. When a company attempts to challenge the 'gravity' of this broken financial system, the propaganda machine of traditional finance becomes increasingly anxious—no company should dare to decouple from it. Tether, however, has built the first company in the financial industry that is over-capitalized and does not hold any toxic reserve assets. And we still maintain extremely high profitability. Tether itself is a living example that the traditional financial system is so riddled with holes that even those nominal 'emperors' have begun to fear it."

Previously, S&P Global downgraded USDT's stability rating to the lowest level, warning of the risks associated with Bitcoin exposure .