📊 S&P Global Ratings presented an assessment of the reliability of stablecoins and their ability to maintain parity with the underlying asset.
To assess stablecoin reliability, asset quality, governance, regulatory framework, redemption capabilities, liquidation mechanisms, liquidity, reliance on technology and third parties, and track record were considered.
The top 8 stablecoins – DAI, FDUSD, FRAX, GUSD, USDP, USDT, TUSD, and USDC – were ranked on a scale of 5 to 1 (5 being the lowest, 1 being the highest).
⏺ USDС, GUSD, and USDP received a score of 2, the highest score among competitors. ⏺ USDT, FDUSD and DAI have increased risk – score 4. ⏺ FRAX and TUSD are the least reliable - 5.
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📊 S&P Global Ratings presented an assessment of the reliability of stablecoins and their ability to maintain parity with the underlying asset.
To assess stablecoin reliability, asset quality, governance, regulatory framework, redemption capabilities, liquidation mechanisms, liquidity, reliance on technology and third parties, and track record were considered.
The top 8 stablecoins – DAI, FDUSD, FRAX, GUSD, USDP, USDT, TUSD, and USDC – were ranked on a scale of 5 to 1 (5 being the lowest, 1 being the highest).
⏺ USDС, GUSD, and USDP received a score of 2, the highest score among competitors.
⏺ USDT, FDUSD and DAI have increased risk – score 4.
⏺ FRAX and TUSD are the least reliable - 5.
🚫 No one received the highest score of 1.