S&P Global Begins Offering Stablecoin Ratings via Chainlink

On the 14th, S&P Global announced that its ratings division has partnered with Chainlink to provide Stablecoin Stability Assessments (SSA) on the blockchain. Through the institutional investor data delivery service 'DataLink', this initiative marks the first time that a rating agency's evaluations are directly usable in smart contracts. The SSA rates the stability of stablecoins on a scale from 1 (very strong) to 5 (weak), analyzing their ability to maintain value against fiat currencies. While not a credit rating, it provides crucial insights for DeFi protocols and institutional investors to integrate S&P Global's risk assessments into their automated decision-making processes.