Financial Giant S&P Global Announces Partnership with This Altcoin! Here Are the Details

Financial data giant S&P Global has begun moving stablecoin stability ratings on-chain by forming a strategic partnership with blockchain data provider Chainlink. S&P Global Ratings and Chainlink Collaboration: Moving Stablecoin Ratings to Blockchain Thanks to this collaboration, decentralized finance (DeFi) protocols, smart contracts, and digital finance platforms will now have real-time access to S&P's stablecoin risk assessments. The new system assigns a stability score between 1 and 5 to stablecoins based on criteria such as asset quality, liquidity, redemption mechanism, regulatory status, and governance. This provides investors and developers with transparent and objective data on the reliability of stablecoins. This service is being developed using Chainlink's DataLink infrastructure and will initially be available on Ethereum's Layer 2 network, Base. It is planned to expand to other blockchain networks in the future, depending on demand. S&P Global Ratings currently evaluates 10 different stablecoins, including USDT (Tether), USDC (Circle), and Sky Protocol's USDS/DAI. Experts state that this integration will build a strong bridge between traditional finance (TradFi) and the DeFi ecosystem and increase institutional investors' confidence in digital assets. *This is not investment advice. Continue Reading: Financial Giant S&P Global Announces Partnership with This Altcoin! Here Are the Details