S&P Global Partners With Chainlink to Bring Stablecoin Ratings Onchain

S&P Global has partnered with Chainlink, a leading blockchain oracle network, to bring its Stablecoin Stability Assessments (SSAs) onchain. This partnership is an important step in linking traditional finance with decentralized finance (DeFi), allowing blockchain platforms to safely access trusted financial data.

Accessing Stablecoin Risk Data in Real Time

Through Chainlink’s DataLink, DeFi platforms and smart contracts can now access S&P Global Ratings’ stablecoin risk data instantly. This means they no longer need to build new systems to get this information. 

The data provides real-time insights on how well stablecoins keep their value against government currencies. It is important to note that these results are not credit ratings but stability measures that help investors and developers see which stablecoins are safer or riskier.

S&P Global Ratings launched its Stablecoin Stability Assessments in December 2023, starting with eight major stablecoins. Each review looks at the strength of a stablecoin’s backing, management, liquidity, and technology reliability. 

Today, S&P assesses 10 major stablecoins, including Tether’s USDT, USDC, DAI, and Sky Protocol’s USDS. These assessments help investors, platforms, and regulators understand how stable and trustworthy each stablecoin is.

S&P Global Launches Onchain Ratings on Base Blockchain

The onchain version of the Stablecoin Stability Assessments will first launch on Base, an Ethereum Layer-2 network developed by Coinbase. S&P Global plans to expand to other networks in the future, depending on demand and client feedback.

S&P Global’s leadership says the goal of this partnership is to reach clients within the blockchain space where they already operate. By sharing assessments through Chainlink, users can access the data directly on their DeFi platforms. This improves transparency and helps investors make smarter decisions.

Chainlink’s infrastructure is widely used in decentralized finance and has already helped secure billions of dollars in value across the sector. By working together, S&P Global and Chainlink are building a stronger link between established financial analysis and the fast-growing world of digital assets.

S&P Global Expands Onchain Data for DeFi Investors

This announcement comes after S&P Global launched a new onchain index that tracks both cryptocurrencies and crypto-related company stocks. The company continues to review stablecoins closely. In August, it gave Sky Protocol a B- rating due to concerns about its management, financial strength, and liquidity.

As more financial institutions become involved in digital assets, access to reliable data directly on blockchain networks has become increasingly important. By moving its assessments onchain, S&P Global allows decentralized finance platforms and investors to use this information in automated systems such as lending protocols and trading tools.

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