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 by S&P to assess stablecoins has drawn attention to the growing use of stablecoins and their potential impact on the global financial system, with the Basel Committee for Banking Supervision proposing new standards to enhance their safety and stability. The report also highlights the purpose of stablecoins in mitigating the volatility of traditional cryptocurrencies like Bitcoin, as stated by Sauradeep Bag. S&P's focus on stablecoins is evident from the resources being allocated to this area, signaling the increasing significance of stablecoins in both 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
#Stablecoins were created to mitigate the inherent volatility of traditional #cryptocurrencies like #Bitcoin, writes Sauradeep Bag https://t.co/60Mehdd7jt
Report: Growing Use of Stablecoins Threatens the Operations of Central Banks #stablecoins #digitalcurrency https://t.co/ht6ZgjzgyL
#Stablecoins were created to mitigate the inherent volatility of traditional #cryptocurrencies like #Bitcoin, writes Sauradeep Bag https://t.co/60Mehdd7jt
The Basel Committee for Banking Supervision has proposed new standards for stablecoins, aiming to enhance their safety and stability in the global financial system https://t.co/aEFtdhNLNt
#Stablecoins were created to mitigate the inherent volatility of traditional #cryptocurrencies like #Bitcoin, writes Sauradeep Bag https://t.co/60MehddF91
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