S&P Stablecoin Assessment Report: USDC received a "strong" rating, while DAI and USDT received a "restricted" rating
On December 13th, Standard Poor's Global Ratings announced its evaluation of the stability of eight stablecoins, including Dai (Dai), First Digital USD (FDUSD), Tether (USDT), Frax (Frax), TrueUSD (TUSD), USD Coin (USDC), USDP, and GUSD. Analysts mainly focus on the "quality of the assets supporting stablecoins." Overall quality is measured by custody risk, credit, and market value.
The evaluation results show that USDC, USDP, and GUSD received a "strong" rating. USDT, DAI, and FDUSD received a "constrained" rating. Analysts stated that no stablecoin received the highest rating of "very strong" in the first evaluation.
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