S&P Global has launched a stablecoin stability assessment. In its initial ratings of the eight stablecoins, none were given the top mark, but two received the lowest, based on their ability to maintain their fiat pegs.
According to a statement, to establish its ratings, S&P Global first examines asset quality risks, then factors mitigating the risks, and then considers governance, legal and regulatory framework, redeemability and liquidity, technology and third-party dependencies, and track record.
Factors additional to asset quality for S&P Global stablecoin assessment. Source: S&P Global
S&P Global, formerly known as Standard & Poor’s, is best known for the S&P 500 Index of large…
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