- S&P Global Ratings will offer Stablecoin Stability Assessments on-chain through a partnership with ChainLink.
- These assessments use a five-point scale to evaluate stablecoins’ ability to hold their value against fiat currencies.
- The ratings will be accessible directly within decentralized finance (DeFi) applications via Chainlink’s DataLink service.
- The Stablecoin Stability Assessments are launching first on Base, an Ethereum Layer 2 network from Coinbase, with plans for wider blockchain integration.
- Global stablecoin capitalization reached approximately $301 billion in October 2025, rising from $173 billion a year earlier.
S&P Global Ratings announced a collaboration with Chainlink to deliver Stablecoin Stability Assessments directly onto blockchain networks. The move aims to make these evaluations available to decentralized finance (DeFi) protocols using Chainlink’s DataLink service.
The Stablecoin Stability Assessments will use a five-point scale, ranging from “very strong” to “weak,” to show how well stablecoins can keep their value compared to fiat currencies. These assessments are separate from traditional credit ratings. The initiative begins with integration on Base, an Ethereum Layer 2 blockchain developed by Coinbase, and plans to expand to other networks.
Sergey Nazarov, co-founder of Chainlink, said the partnership is intended to “empower the world’s largest institutions to adopt stablecoins at scale.” According to the announcement, the assessments will initially cover ten major stablecoins, including Tether’s USDT, Circle’s USDC, and Sky Protocol’s USDS.
The launch coincides with a period of stablecoin market growth, supported by recent U.S. regulations. In July, the GENIUS Act became law, creating the first federal regulatory framework for stablecoins. The total value of stablecoins worldwide grew to $301 billion in October 2025, increasing from $173 billion a year earlier.
For more on crypto market trends, see: Bitcoin-ethereum-drop-after-heavy-etf-outflows-ahead-of-powell-speech/”>Bitcoin, Ethereum Drop After Heavy ETF Outflows Ahead Of Powell Speech.
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