🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
S&P Global: Downgrades USDT's ability to peg to the US dollar to the lowest rating.
On November 26, Bloomberg reported that S&P Global Ratings has downgraded Tether's ability to maintain the peg of its USDT stablecoin to the US dollar to the lowest rating and warned that a fall in Bitcoin prices could lead to risks of under-collateralization for the stablecoin. On Wednesday, analysts at the rating agency lowered the stability rating of USDT from “limited” to “weak.” S&P stated that this assessment “reflects the increased exposure to high-risk assets in USDT reserves over the past year,” which include Bitcoin, gold, secured loans, and corporate bonds, while also considering the limited disclosure of information.