Tether CEO responds to S&P rating: S&P's traditional model is ineffective, Tether is well-capitalized.

Golden Finance reported that Tether CEO Paolo Ardoino responded to the rating given to Tether by S&P, stating that the institution's traditional model has “harmed investors for decades,” and emphasized that Tether is well-capitalized, “with no toxic reserves.” He added, “We take pride in your disdain.”