Stablecoins Meet Ratings: S&P Goes On-Chain and Chaos Ensues 🚀

by

S&P Global is tiptoeing into the DeFi and blockchain universe, like a slightly bewildered alien trying to find the best spot for tea in a space-time vortex.

Apparently, bridging traditional finance and decentralized markets is now a thing, and S&P is determined to build that bridge without any blueprints, because who needs instructions anyway?

S&P Global Brings Stablecoin Risk Ratings On-Chain

In what can only be described as a thrilling twist in the saga of “Who Watches the Stablecoins?”, S&P Global Ratings, the venerable oracle of credit ratings, teamed up with Chainlink, the official librarian of on-chain data, to put Stablecoin Stability Assessments (SSAs) where no spreadsheet has gone before: directly on the blockchain.

Thanks to DataLink (an institutional-grade data delivery service that sounds suspiciously like it could make your coffee), DeFi protocols and smart contracts can now peek at S&P’s carefully measured, mildly judgmental stablecoin risk scores. Imagine a polite, data-driven scolding for each coin that dares wobble.

On-Chain SSAs To Launch on Base

The SSAs will rate coins on a scale of 1 to 5, revealing which coins wobble like a jelly on a trampoline and which actually try to pretend they’re serious currency. First stop: Base, Coinbase’s Ethereum Layer 2 network, with plans to expand if enough curious onlookers demand it.

Remarkably, DataLink allows S&P to share its judgments without having to learn blockchain plumbing or endure the existential horror of maintaining nodes. Truly miraculous.

Currently, S&P evaluates 10 major stablecoins (USDT, USDC, Sky Protocol’s USDS/DAI, and a few others that probably have names you can’t pronounce without tripping over your tongue). These assessments peer deeply into the soul of each coin, examining asset quality, governance, redeemability, liquidity, and the ability to behave decently at dinner parties.

Backing Secure Stablecoin Adoption

Chuck Mounts, Chief DeFi Officer at S&P Global, asserts this brave venture will make the DeFi space more transparent, trustworthy, and data-driven, which, in other words, means you can now make slightly less clueless financial decisions. 🧐

Sergey Nazarov, Chainlink CEO, adds that major institutions can now dip their toes into stablecoins without immediately panicking. Their infrastructure has handled $25 trillion in transactions and protected nearly $100 billion in DeFi assets, probably while humming “Don’t Panic.”

With stablecoins now surpassing $300 billion in market value, and the mysterious GENIUS Act providing a vague sense of order, the timing couldn’t be more convenient. Capital can finally frolic on-chain with all the confidence of a Vogon attempting poetry.

S&P Global Expands Its Digital Asset Presence

Not one to rest on its laurels, S&P Global has been steadily infiltrating DeFi, from crypto indices in 2021 to fancy benchmarks and tokenized fund ratings. Last week, it unveiled the S&P Digital Markets 50 Index, combining 15 cryptocurrencies and 35 crypto-linked stocks, creating a deliciously confusing smoothie of traditional finance and digital chaos. đŸ„€

Read More

2025-10-14 17:33