S&P Assigns Highest Stability Rating to BlackRock Tokenized Reserve Fund, USDT Maintains Weak Rating

TechFlow news, August 05, S&P Global Ratings has awarded BlackRock's newly launched tokenized money market fund BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) the highest principal stability fund rating "AAAm". S&P stated that the fund performs robustly in terms of portfolio credit quality, counterparty qualifications, maturity structure, and management capability to maintain a stable net asset value, and its tokenized framework possesses strong operational resilience in network security, smart contracts, and blockchain network risk control.

On the other hand, S&P pointed out in its latest stablecoin stability assessment that 6 out of the 11 stablecoins it covers possess "adequate" or stronger peg stability. Among them, USDT continues to maintain a Level 5 "Weak" rating; USDC, EURC, USDG, and USDP were rated Level 2 "Strong". The rating system mainly examines factors such as reserve assets, liquidity, governance, redemption arrangements, legal regulatory safeguards, and technical reliance.