Liquity, a protocol that develops decentralized stablecoins on Ethereum, also known for creating the most reliable decentralized stablecoins, is pleased to announce that BOLD has gained an A- rating from Bluechip. BOLD is the second decentralized stablecoin created by Liquity. The main purpose of Liquity’s BOLD is to give a fully decentralized, crypto-backed stablecoin that removes bank, custodian, and censorship risk.
A decentralized stablecoin just outranked USDC.@bluechip_org rated BOLD A-, placing it above USDC (B+) and DAI (B+).
— Liquity (@LiquityProtocol) January 26, 2026
The only A- rated stablecoin backed 100% by crypto.
How did this happen? 🧵 pic.twitter.com/Ptfcbv98Je
Bluechip is known as an independent stablecoin rating agency. The evaluation results put BOLD ahead of USDC (B+) and DAI (B+) with the perfect scores of 1.0 in Management, Decentralization, and Governance, and on par with PayPal’s PYUSD. BOLD is the only decentralized stablecoin that fully depends on Ethereum-native assets instead of banks, custodians, or off-chain reserves.
It is the only decentralized stablecoin that provides an alternative risk profile for institutions seeking diversification, purification in process, and on-chain stability. BOLD is over collateralized by more than 200%, utilizing $ETH and lending liquid staking tokens, which are wstETH and rETH. In addition, BOLD is providing a transparent and direct redemption mechanism. Liquity has released this news through its official social media X account.
A Credibly Neutral Stablecoin Built for Institutions
Michael Svoboda, Founder of Liquity Protocol, expressed his thoughts. He said, “This rating reinforces a simple idea: stablecoins should be predictable systems, not discretionary products. BOLD is designed so users don’t need to trust issuers, banks, or governance committees, only the code. Receiving an A- rating with perfect scores for decentralization and governance validates that a credibly neutral, crypto-native stablecoin can meet institutional-grade risk standards without relying on centralized intermediaries.”
BOLD users have an advantage in that they can withdraw at any time without the need to get permission from any other authorities. Liquity V2 routes 100% of protocol revenues along with immutable smart contracts, and the absence of monitoring eliminates the risk of being locked or stopped at any time during the transfer process.
Liquity’s BOLD Sets a New Benchmark for Crypto-Native Stablecoins
BOLD of is basically built for those users who want to get rid of any interruption during the whole process of transactions. The immutable and governance-free system eliminates ambiguity from users’ minds about minting and redemption with full on-chain data transparency. This is the best design for Decentralized Finance (DeFi) treasuries, funds, and power users seeking to expand stablecoin exposure at wider range.
Liquity Protocol ensures the certified record to BOLD’s design. In addition, the team has a successful previous record of LUSD, one of the longest-running decentralized stablecoins, which touched $5 billion in peak total value along with four successful years of operation. BOLD’s A-rating indicates that decentralized, crypto-native stablecoins can achieve top-tier safety ratings.