S&P Global and Chainlink Collaboration
S&P Global has teamed up with Chainlink to introduce real-time risk assessments for major stablecoins, marking a significant move in the digital finance sector. This collaboration, announced on October 14, aims to provide what they’re calling Stablecoin Stability Assessments (SSAs) that will first be accessible through Coinbase’s Base network.
Stablecoin Stability Assessments
These assessments, while not classified as credit ratings, are designed to gauge the performance of stablecoins in terms of maintaining their value at a consistent rate of 1:1 with their underlying assets. Ratings will be allocated on a scale from 1 to 5, with ‘1’ indicating a strong performance and ‘5’ representing weaker stability. The criteria for these ratings include factors such as liquidity, governance, compliance, and asset reserves.
Expert Insights
Chuck Mounts, the Chief DeFi Officer at S&P Global, highlighted that utilizing Chainlink’s established oracle systems will allow market participants to easily access these assessments via their existing decentralized finance (DeFi) frameworks. This integration is expected to promote greater transparency and support more informed decision-making within the DeFi ecosystem.
Sergey Nazarov, co-founder of Chainlink, emphasized that S&P’s longstanding credibility in the financial sector could drive wider institutional acceptance of stablecoins. By bringing its SSAs onto the blockchain, S&P Global is poised to establish a direct link with the digital asset marketplace. Nazarov pointed out that with S&P being a trusted name in credit ratings for major financial entities—such as banks and asset managers—this partnership lays a robust groundwork for stablecoin utilization among institutions.
Market Context
This collaboration occurs amid a rapid rise in the stablecoin market, which, according to reports, reached a market capitalization of $304 billion in October 2025, significantly increasing from $173 billion the previous year. With this rise, the need for reliable risk assessment tools has become even more critical as DeFi continues to evolve.
