ChainCatcher news reports that S&P Global Ratings is collaborating with Chainlink to directly bring its stablecoin stability assessments onto the Blockchain. This integration allows DeFi protocols, smart contracts, and financial platforms to access S&P's risk assessments of stablecoins in real-time. The assessment system rates stablecoins on a scale of 1 to 5 based on factors such as asset quality, Liquidity, redemption mechanism, regulatory status, and governance. This service utilizes Chainlink's DataLink infrastructure and will initially launch on the Ethereum Layer 2 network Base, with plans for further expansion based on demand. Currently, S&P has assessed 10 stablecoins, including USDT, USDC, and Sky Protocol's USDS/DAI.
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