Tether CEO responds to S&P ratings: "We take pride in the hatred of rating agencies; the traditional financial system is riddled with problems."

In response to S&P's downgrade of Tether's stability rating to the lowest level, Tether CEO Paolo Ardoino posted on the X platform, stating, "Regarding S&P's rating of Tether: We are proud of your hatred. Historically, classic rating models built for traditional financial institutions have led private and institutional investors to invest their wealth in companies that failed despite being rated investment grade. This has prompted regulators around the world to question such models and the independence and objectivity of all major rating agencies. When any company tries to defy the gravitational pull of this fragmented financial system, the traditional financial propaganda machine becomes concerned. No company should dare to deviate from this system. (In this context) Tether has built the first overcapacity company in the financial industry, without any toxic asset reserves. Yet, it remains highly profitable. Tether's actions prove that the traditional financial system is so riddled with holes that even the 'clothless emperors' are afraid."