Moody’s Considering a Stablecoin Scoring System
In January, Bloomberg reported that Moody’s was developing a scoring system for stablecoins. It has yet to appear, but Bluechip welcomes more independent evaluations of stablecoins.
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".
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.