S&P & Chainlink: Stablecoins Get a Literary Overhaul šŸ“š

In a most unexpected union, S&P Global Ratings has joined forces with the enigmatic Chainlink to unveil its Stablecoin Stability Assessments (SSAs) onchain-marking a significant step towards merging the venerable traditions of finance with the capricious world of decentralized finance (DeFi). 🧵

S&P Global Launches Onchain Stablecoin Risk Data via Chainlink

S&P Global (NYSE: SPGI) announced a collaboration between S&P Global Ratings and Chainlink to publish its Stablecoin Stability Assessments through Datalink, Chainlink’s institutional-grade data publishing service. The move makes S&P’s independent stablecoin risk analysis available directly to blockchain applications and smart contracts for the first time. šŸ¤–

The SSAs evaluate leading stablecoins on a five-point scale from ā€œvery strongā€ to ā€œweak,ā€ assessing their ability to maintain a stable value relative to fiat currencies. Although not credit ratings, the assessments provide risk transparency to investors and DeFi protocols seeking to integrate traditional analytical frameworks into their platforms. 🧮

In the release published Tuesday, Chuck Mounts, S&P Global’s Chief DeFi Officer, said the partnership ā€œunderscores our commitment to meeting clients where they areā€ and aims to enhance informed decision-making within DeFi. Datalink allows data providers to securely publish verified data onchain without building or maintaining their own infrastructure. 🧱

Chainlink co-founder Sergey Nazarov described the integration as a key step for institutional adoption of stablecoins, emphasizing that it enables major financial entities to incorporate S&P’s analytics into the digital asset economy. Chainlink’s infrastructure, which has supported over $25 trillion in transaction value, already underpins much of the onchain economy and collaborates with major financial players such as Swift, Fidelity, and Mastercard. šŸ¦

The onchain SSAs debut on Base, Coinbase’s Ethereum layer two (L2) network, with expansion to additional blockchains planned. S&P’s stablecoin framework currently covers assets such as tether ( USDT), USDC, and Sky Protocol’s USDS/DAI. 🌐

The collaboration follows the July passage of the GENIUS Act, which introduced the first U.S. federal regulatory framework for stablecoins. With the stablecoin market’s capitalization now above $300 billion, the partnership positions S&P and Chainlink to support the next phase of compliant, data-driven digital asset innovation. šŸ“ˆ

FAQ 🧭

  • What is the purpose of S&P Global’s collaboration with Chainlink?
    The partnership makes S&P Global Ratings’ Stablecoin Stability Assessments directly available to blockchain protocols.
  • What are Stablecoin Stability Assessments (SSAs)?
    SSAs rate stablecoins on a five-point scale based on their ability to maintain value relative to fiat currencies.
  • Which blockchain hosts the initial launch of the onchain SSAs?
    The assessments first launch on Base, an Ethereum layer two (L2) network incubated by Coinbase.
  • How does this benefit institutional DeFi participants?
    It gives DeFi protocols and investors direct access to trusted stablecoin risk data within their onchain infrastructure.

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2025-10-14 20:38