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S&P Global Ratings is stepping into the blockchain world by partnering with Chainlink to offer real-time insights into stablecoin reliability.
This move gives banks and institutional investors a direct way to gauge how well digital assets maintain their peg to traditional currencies.
The initiative, called Stablecoin Stability Assessments, debuted on Ethereum’s Base network and could expand to other blockchains depending on demand. Using Chainlink’s DataLink infrastructure, the system assigns each stablecoin a score from 1 (very reliable) to 5 (weak), helping investors identify which assets are safer for large-scale adoption.
This marks a first for S&P, making its trusted credit-rating methodology accessible within blockchain ecosystems. For institutions exploring the rapidly growing $300 billion stablecoin market, having immediate, onchain risk evaluations is a game-changer.
The importance of such tools has been highlighted by market volatility, including incidents where algorithmic stablecoins briefly lost their peg due to thin liquidity or missing external price feeds. Oracles like Chainlink provide the essential data streams that prevent these disruptions, ensuring stablecoins can function as intended.
Chainlink has already forged relationships with major financial players, from JPMorgan and Fidelity to government agencies, supporting both traditional finance and DeFi. Its network has secured nearly $100 billion in decentralized finance value and facilitated over $25 trillion in transactions, underscoring its role as a backbone for trusted blockchain data.
With regulatory frameworks like the GENIUS Act on the horizon and stablecoins projected to reach $2 trillion by 2028, having accessible, reliable onchain risk assessments positions institutions to adopt digital currencies more safely and confidently.