- S&P Global and Chainlink bring onchain stablecoin risk data for institutional adoption.
- S&P Global evaluates 10 major stablecoins, including USDT, USDC, and USDS/DAI, using its SSA framework.
- The stablecoin market surpasses $300 billion as institutions seek transparent risk assessments.
S&P Global Ratings has announced that it has partnered with Chainlink to offer its Stablecoin Stability Assessments (SSAs) onchain, for the first time, via DataLink. This collaboration enables institutions and DeFi platforms to directly access the stablecoin ratings offered by S&P Global on blockchain networks.
Each stablecoin is rated between 1 (very strong) and 5 (weak) on a scale based on the quality of its assets, liquidity, governance and regulatory compliance. This open system will support financial institutions as they manage risk and integrate stablecoins into their mass operations.
Chainlink’s DataLink to Expand Stablecoin Access for Institutions
The DataLink service of Chainlink will enable S&P Global Ratings to publicly publish its risk ratings to smart contracts on Base, an Ethereum Layer 2 network incubated by Coinbase. The service will be extended across additional blockchains based on market demand.
Chuck Mounts, Chief DeFi Officer at S&P Global, explains that employing SSAs onchain enables the market participants to have real-time data on their already established DeFi systems. This incorporation facilitates improved risk management, transparency, and better decision-making procedures among financial institutions in the digital market.
Chainlink Co-Founder Sergey Nazarov also stated that the partnership gives institutions a trusted framework for stablecoin adoption. By using Chainlink’s proven oracle infrastructure, S&P Global’s data can be accessed securely and reliably, enabling compliance-focused innovation across decentralized ecosystems.
Also Read: Chainlink (LINK) Consolidates Near Support; Bullish Setup Points to $100 Rally
S&P Global and Chainlink Strengthen Stablecoin Infrastructure
Chainlink is one of the top blockchain oracles, supporting over $25 trillion of onchain transaction value and holding close to $100 billion in total value locked (TVL). This collaboration also contributes to an already growing list of partnerships with prominent institutions, including Swift, Euroclear, J.P. Morgan, Fidelity, UBS, and Mastercard.
S&P Global’s collaboration with Chainlink follows a steady expansion of its digital asset initiatives, including the launch of the S&P Digital Market Indices, the Stablecoin Stability Assessments framework, and credit ratings for tokenized treasury funds. Currently, S&P assesses ten major stablecoins, including USDT, USDC, and DAI. In addition, the stablecoin market currently has a capitalization exceeding $300 billion.
With the GENIUS Act creating a federal regulatory framework in the United States, S&P Global’s assessments aim to provide the transparency and data standardization institutions need for secure adoption.
Also Read: Coinbase, Mastercard in $2.5B Talks to Buy Top Stablecoin Firm BVNK
