S&P Global and Chainlink have partnered to bring stablecoin ratings on-chain, providing transparent risk assessments for stablecoins used in DeFi protocols.
S&P Global Ratings, a leading global credit ratings provider, has collaborated with Chainlink to make its Stablecoin Stability Assessments (SSAs) available on-chain through Chainlink's DataLink publishing service.
The SSAs evaluate stablecoins on a scale from 1 (very strong) to 5 (weak), assessing their ability to maintain stable value relative to fiat currencies.
Author's summary: S&P Global partners with Chainlink for on-chain stablecoin ratings.