S&P Global Ratings announced its stability assessment on stablecoins on Tuesday, covering DAI, FDUSD, USDT, FRAX, TUSD and USDC, USDP, and GUSD.
According to its analysis, USDC, USDP and GUSD have all received good evaluations (strong), while USDT, DAI and FDUSD are in the middle or "constrained", and the evaluation results place them at the weaker end; another On the other hand, FRAX and TUSD also received weak reviews.
It is worth mentioning that none of the stablecoins listed in the first evaluation received the highest rating of "very strong", and 4 of them were affected by "negative adjustments."
It is reported that analysts mainly focus on "the quality of assets supporting stablecoins", with overall quality measured by custody risk, credit and market value. In addition, regulation, governance, oversight, liquidity, redeemability and technology are also taken into consideration. (Blockworks)