S&P Global Ratings Launches Stablecoin Assessment, Slams Tether’s USDT with Negative Review
S&P Global Ratings senior expert Lapo Guadagnuolo thinks that the development of stablecoins does not indicate that they are unsusceptible to run the risk of aspects.
The S&P Global Ratings presented a stability evaluation for stablecoins on Tuesday. According to S&P Global, the concept is to identify how genuinely "steady" the coins remain in preserving their pegs to whatever fiat they are connected to.
In overall, the manufacturer of the S&P 500 evaluated 8 stablecoins. They consist of Dai (DAI), Gemini (GUSD), First Digital USD (FDUSD), Tether (USDT), Frax (FRAX), Pax (USDP), USD Coin (USDC), and TrueUSD (TUSD).
In its evaluation, S&P Global initially considered what it stated is the "quality of the possessions backing the stablecoin". It then went on to base the total quality evalu...