The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.
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RWA protocol stUSDT winds down three years after $2.3B TVL peak
The stUSDT team did not disclose a reason for winding down the RWA protocol but assured holders that all underlying assets remain fully backed.
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