S&P Global Brings Stablecoin Risk Scores Onchain Through Chainlink
S&P Global Ratings is bringing its stablecoin stability assessments directly to blockchains through a partnership with decentralized oracle network Chainlink.
The integration allows decentralized finance protocols, smart contracts and financial platforms to access S&P’s risk evaluations of stablecoins in real time., according to a press release shared with CoinDesk.
The assessments score stablecoins from 1 to 5 based on their ability to maintain a stable value relative to fiat currencies.
They factor in asset quality, liquidity, redemption mechanisms, regulatory status and governance. S&P currently evaluates 10 stablecoins, including USDT, USDC and Sky Protocol’s USDS/DAI.
Unlike credit ratings, the assessments are designed to measure operational and structural stability. By placing them onchain, DeFi platforms can reference S&P’s risk assessments automatically, without offchain data feeds or manual updates.
The service uses Chainlink’s DataLink infrastructure, which allows traditional data providers to publish to blockchains without building new systems. The data will initially launch on Base, an Ethereum layer 2 network, with further expansions based on demand.
The move comes as the stablecoin market hit $305 billion in capitalization, up from $130 billion a year earlier, according to data from DeFiLlama.
S&P Global has increased its activity in the crypto space since 2021, launching crypto indices and issuing risk assessments for tokenized funds and DeFi protocols. Its first-ever credit rating to a DeFi protocol was assigned back in August.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VeChain Slides 8.3%: Is This a Healthy Correction or a Bigger Warning Sign?
Stablecoin supply has stalled in 2026, but payments rose by 45% to $480B: Report
The most dangerous divergence in U.S. stocks: ordinary stocks have already plummeted, how much longer can AI giants hold on?
Significantly tightened financial conditions are heavily impacting ordinary stocks in the US stock market, with the median S&P 500 constituent falling 15% from its peak and the equity risk premium dropping below zero. Rising US Treasury yields and oil prices have pushed the financial conditions index sharply higher, resulting in a severe deterioration in breadth beneath the apparent calm of the index. Market divergence is intensifying, raising the core uncertainty of whether ordinary stocks will catch up or the index will converge downward.
Will APT’s price clear $0.87 after Aptos’s launch of Block-STM v2 upgrade?
Crypto prices
More
