S&P Global Brings Stablecoin Risk Scores Onchain via Chainlink Partnership

S&P Global Ratings partners with Chainlink to provide stablecoin stability assessments on blockchain networks.
The integration allows DeFi protocols and financial platforms to access real-time risk evaluations of stablecoins.
Assessments score stablecoins from 1 to 5, considering factors like asset quality, liquidity, and regulatory status.
Currently evaluates 10 stablecoins, including USDT and USDC.
The assessments focus on operational and structural stability, not credit ratings.
Utilizes Chainlink’s DataLink to publish on blockchains, initially launching on Base, an Ethereum layer 2 network.
The stablecoin market has grown to $305 billion in capitalization.
S&P Global has been active in the crypto space since 2021, launching crypto indices and issuing risk assessments.