#稳定币风险分析 The downgrade of USDT's rating is really quite emotional. After experiencing so many years of ups and downs, witnessing countless projects rise and fall, I still can't help but feel led by the nose by these so-called "authoritative institutions." I remember back in the day, I was also scared silly by various FUD, and now looking back, most of those worries were just false alarms.

However, this time’s S&P rating definitely warrants our vigilance. The 5% Bitcoin reserve does pose some risks in the current bear market environment. But on the other hand, can traditional financial institutions truly understand the crypto world well enough to accurately assess such risks?

I think instead of blindly trusting these ratings, it’s better for us to pay more attention to Tether's transparency reports and study their reserve structure. After all, in this rapidly changing market, only by having firsthand information can we make the most accurate judgments.

For us seasoned investors, having gone through countless market fluctuations, one principle is clear: don’t put all your eggs in one basket. Whether it’s USDT or other stablecoins, risk should be diversified appropriately. At the same time, always stay alert, keep an eye on market trends, and be prepared for various emergencies.

This rating controversy might be an opportunity for us to re-evaluate our investment strategies. In this uncertain market, only by staying sober-minded, continuously learning, and adjusting can we survive this long game.