S&P Global Ratings Partners with Chainlink to Bring Stablecoin Risk Assessments to the Blockchain

The assessment measures a stablecoin's ability to maintain stability relative to fiat currencies, rated on a scale of 1 to 5. Factors include asset quality, liquidity, redemption mechanisms, regulatory status, and governance. The first batch of stablecoins launched on Base (Ethereum's Layer 2) via Chainlink DataLink will include 10 stablecoins, including USDT, USDC, and Sky Protocol's USDS/DAI. The assessment focuses on operational and structural stability, not credit ratings.