S&P Global taps Chainlink to rate stablecoins’ ability to retain peg
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S&P Global Ratings and Chainlink have partnered to provide onchain stablecoin risk profiles for TradFi players looking to enter or expand into the $300 billion market.
S&P Global Ratings has partnered with blockchain oracle provider Chainlink to give financial institutions onchain access to its new stablecoin stability assessments, which rate each stablecoin by how well it maintains its peg.
The Stablecoin Stability Assessments (SSAs) launched on the Ethereum layer-2 network Base on Tuesday, with potential to expand to other blockchains, subject to market demand and client feedback, S&P Global and Chainlink said in a statement seen by Cointelegraph.
“As institutional adoption of digital assets accelerates, the ability to access real-time risk assessments directly within blockchain infrastructure has become crucial for market participants.”
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