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Tether CEO responds to S&P rating: S&P's traditional model is ineffective, Tether is well-capitalized.
[Tether CEO Responds to S&P Rating: S&P's Traditional Model is Ineffective, Tether is Well-Capitalized] Tether CEO Paolo Ardoino responded to S&P's rating of Tether, stating that the agency's traditional model has “harmed investors for decades” and that Tether is well-capitalized with “no toxic reserves.” He added, “We take pride in your disdain.”