TechFlow, on October 14, according to CoinDesk, S&P Global Ratings is partnering with Chainlink to bring its stablecoin stability assessments directly onto the blockchain. This integration enables DeFi protocols, smart contracts, and financial platforms to access S&P's risk assessments of stablecoins in real time. The evaluation system scores stablecoins on a scale from 1 to 5 based on factors such as asset quality, liquidity, redemption mechanisms, regulatory status, and governance.
The service leverages Chainlink's DataLink infrastructure and will initially launch on the Ethereum Layer 2 network Base, with potential expansion based on demand. Currently, S&P evaluates 10 stablecoins, including USDT, USDC, and Sky Protocol's USDS/DAI.
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