S&P Global Ratings released a stablecoin stability assessment, rating USDC, GUSD, and USDP as 'Strong' (2), USDT, DAI, and FDUSD as 'Constrained' (4), and FRAX and TUSD as 'Weak' (5). This move has raised concerns about the growing use of stablecoins and its potential threat to central banks' operations. S&P's focus on stablecoins is evident as they allocate strong resources to this area, acknowledging its significance in traditional and new financial sectors.
Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said. Column by @danielgkuhn https://t.co/zrPrWarowN
Report: Growing Use of Stablecoins Threatens the Operations of Central Banks #stablecoins #digitalcurrency https://t.co/ht6ZgjzgyL
S&P is now publishing research on Stablecoins (not rating, mind you!!!)
S&P Global Ratings recently released a stablecoin stability assessment. USDC, GUSD and USDP received a rating of 2 (Strong), USDT, DAI and FDUSD received a rating of 4 (constrained), and FRAX and TUSD received a rating of 5 (weak). https://t.co/O6IlJiGcyG https://t.co/iqRXL0IcBS
S&P is now not-quite-but-kinda rating stablecoins… https://t.co/H6nZGYJman