Financial Giant S&P Global Announces Partnership with This Altcoin! Here Are the Details

Financial data giant S&P Global has begun moving stablecoin stability ratings on-chain by forming a strategic partnership with blockchain data provider Chainlink. S&P Global Ratings and Chainlink Collaboration: Moving Stablecoin Ratings to Blockchain Thanks to this collaboration, decentralized finance (DeFi) protocols, smart contracts, and digital finance platforms will now have real-time access to S&P's stablecoin risk ￰0￱ new system assigns a stability score between 1 and 5 to stablecoins based on criteria such as asset quality, liquidity, redemption mechanism, regulatory status, and ￰1￱ provides investors and developers with transparent and objective data on the reliability of ￰2￱ service is being developed using Chainlink's DataLink infrastructure and will initially be available on Ethereum's Layer 2 network, ￰3￱ is planned to expand to other blockchain networks in the future, depending on demand.

S&P Global Ratings currently evaluates 10 different stablecoins, including USDT (Tether), USDC (Circle), and Sky Protocol's USDS/DAI. Experts state that this integration will build a strong bridge between traditional finance (TradFi) and the DeFi ecosystem and increase institutional investors' confidence in digital assets. *This is not investment ￰4￱ Reading: Financial Giant S&P Global Announces Partnership with This Altcoin! Here Are the Details