Non-profit organization Bluechip launched a stablecoin rating platform to assess the safety and risks associated with popular stablecoins. The platform offers letter-grade ratings for 15 initial stablecoins, with BUSD, LUSD, PAXG and GUSD getting an "A" rating, while USDD gets an "F".
Yes, the old saying is true: The power to tax is the power to destroy.
But you know what else the power to tax is? It’s the power to run a decent monetary policy.
If you’re looking for a monetary system that offers low, stable rates of inflation, you’ll be looking for a system that has both a stable supply of money and a stable demand for that same money. You need both for stability—not just one. And a government’s power to tax—to use the threat of force to extract wealth from a nation’s citizens—can help solve both problems.
Bluechip is a nonprofit dedicated to evaluating stablecoin safety and giving letter grade ratings to the most important stablecoins, provided to the public at no cost.
By Garett Jones
Bond ratings, movie ratings, Consumer Reports car ratings, CAMELS bank safety ratings: one sign of a mature market is when lots of individuals and organizations take the time to separate the wheat from the chaff, the Yes from the Maybe from the Definitely Not.