[Tether CEO Responds to S&P Downgrade of USDT Rating: The Fragility of the Old System Is Making Those in Power Uneasy] BlockBeats News, November 27, Tether CEO Paolo Ardoino responded to S&P's latest rating of Tether, stating, 'We are proud to be hated by you.' Paolo Ardoino pointed out that the traditional rating system has long guided investors toward 'investment-grade' institutions that ultimately collapse, leading global regulators to question the independence of rating agencies. He stated that the traditional financial system is unwilling to see any company break free from its 'dysfunctional gravity,' but Tether has built the industry's first company with overcapitalization, no toxic assets, and sustained high profitability, proving that the fragility of the old system is making the 'Emperor's New Clothes-style' powers feel uneasy.