S&P Global collaborates with Chainlink to bring stablecoin risk assessment to blockchain

ChainCatcher news, according to market news, S&P Global Ratings is collaborating with Chainlink to directly integrate its stablecoin stability assessments into the blockchain. This integration allows DeFi protocols, smart contracts, and financial platforms to access S&P's risk assessments of stablecoins in real-time.

The assessment system scores stablecoins on a scale of 1 to 5 based on factors such as asset quality, liquidity, redemption mechanisms, regulatory status, and governance. The service utilizes Chainlink's DataLink infrastructure and will initially launch on the Ethereum Layer 2 network Base, with plans to expand further based on demand. Currently, S&P has assessed 10 stablecoins, including USDT, USDC, and Sky Protocol's USDS/DAI.