S&P gives Tether poor marks in new stablecoin scale

By Marc Jones LONDON (Reuters) – Credit rating firm S&P Global has started providing risk assessments of eight of the world’s top stablecoins, with the two mostly widely-used, Tether and Dai given near bottom marks. Stablecoins are a form of cryptocurrency backed by an asset or fiat currency. They have surged in popularity but their weaknesses were exposed last year by the spectacular collapse