S&P Global Ratings has introduced a stablecoin ranking system, assessing the stability of various stablecoins. The report recognizes USDC and GUSD as 'strong' assets, while Tether received a poor score due to constraints in maintaining its peg to fiat. The move reflects the growing importance of stablecoin stability in the crypto market and has sparked discussions about transparency and institutional perspectives.
These new S&P stablecoin reports are pretty good tbh. Crypto won't love the down-rating of Tether and DAI, but if you read through to the actual reports -- and view it from a US-based institutional perspective -- the analysis is reasonable. Regardless, it's great to see…
S&P Global reveals stablecoin ratings. Tether penalized for lack of transparency - Ledger Insights - blockchain for enterprise https://t.co/h4FGlh32LS
S&P Global's stable coin ratings place GUSD, USDP, and USDC at the top, highlighting the growing importance of stable coin stability in the crypto market. https://t.co/iAD8eqXI8Z
Why 163-year-old ratings firm S&P suddenly decided to rank stablecoin Tether https://t.co/SoDtec2Lqe
New S&P Ratings System Grades #Stablecoins https://t.co/Hd8mkenwMG
Credit rating agency @SPGlobalRatings has revealed a new stablecoin ranking system that gives @tether_to's $USDT a poor score. USDT was assigned a four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat. https://t.co/JHMpR67zo0?
S&P is now publishing research on Stablecoins (not rating, mind you!!!)
American credit rating agency S&P Global Ratings has revealed its first stablecoin stability assessment report, recognizing USDC and GUSD as 'strong' assets https://t.co/outHHTBXCN