#稳定币发展与风险 S&P’s downgrade of USDT’s rating leaves me a bit perplexed. While they pointed out some risk factors, they seem to have overlooked Tether’s strong cash flow and diversified asset reserves. Especially the $112.4 billion in US Treasuries — that’s the “safest asset in the world”! Then look at Tether’s aggressive gold purchases: with 116 tons of gold reserves, they’ve already surpassed some national central banks. This company is quietly evolving into a shadow central bank, even having the power to influence global commodity pricing. Traditional financial institutions may not yet realize how fast the crypto world is evolving. Who will dominate the future? Let’s wait and see! What do you all think about this situation? Feel free to join the discussion!