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

According to Odaily Planet Daily, 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, saying, "Regarding S&P's rating of Tether: We are proud of your hatred."

Historically, classic rating models designed 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.

The traditional financial propaganda machine would be alarmed if any company tried to defy the pull of this frayed financial system. No company should dare to stray from it. (Against this backdrop) Tether created the first company in the financial industry with excess capital and no reserves of toxic assets. Yet, it remains highly profitable. Tether's success proves that the traditional financial system is so riddled with holes that even the 'naked emperors' are terrified.