TechFlow news, December 13 — According to The Block, credit rating agency Moody's has introduced a new stablecoin assessment framework. This framework will evaluate and rate the creditworthiness of stablecoin debt. Moody's framework effectively means that two stablecoins claiming 1:1 USD backing could receive different ratings even if their reserve assets are identical, depending on how those supporting assets are structured.
Moody's stated: "We will address market value considerations by estimating the market value risk of each eligible reserve asset based on its type and maturity." "The analysis will produce estimated haircuts applicable to each asset's value. We also propose considering operational risk, liquidity risk, technological risk, and other factors associated with the stablecoin to determine the final rating."
