Hassan Maishera
Chainlink announced via X on Tuesday that it has partnered with S&P Global Ratings to publish its Stablecoin Stability Assessments (SSAs) onchain for the first time via DataLink.
This partnership enables S&P Global Ratings' comprehensive, independent analysis of stablecoin risk to be directly accessible within decentralized finance (DeFi) protocols and smart contracts for the first time.
The on-chain SSAs provide real-time access to S&P Global Ratings' comprehensive stablecoin stability assessments. It evaluates stablecoins on a scale from 1 (very strong) to 5 (weak) based on their ability to maintain stable value relative to fiat currencies. This data provides institutions and DeFi protocols alike critical information that can be used to evaluate a stablecoin's ability to maintain a stable value relative to its pegged fiat currency, enhancing risk management operations.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 2.2% over the past 24 hours and is trading at $19.02 at press time.
