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Which cryptocurrencies are most affected by changes in Standard and Poor's credit rating?

avatarUmman MammadovDec 26, 2021 · 3 years ago1 answers

Can you provide information on which cryptocurrencies are most impacted by changes in Standard and Poor's credit rating? I'm interested in understanding how the credit rating changes affect the value and performance of different cryptocurrencies.

Which cryptocurrencies are most affected by changes in Standard and Poor's credit rating?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we closely monitor the impact of credit rating changes on cryptocurrencies. While it's challenging to determine which cryptocurrencies are most affected, we have observed that stablecoins like Tether (USDT) and cryptocurrencies backed by physical assets tend to be more sensitive to credit rating changes. However, it's important to conduct thorough research and consider multiple factors before making any investment decisions based on credit rating changes.