S&P Global has teamed up with Chainlink to provide stablecoin risk ratings onchain, enhancing access for decentralized finance users. The Stablecoin Stability Assessments evaluate the ability of assets to maintain stable value relative to fiat currencies, with plans to initially launch on the Ethereum Layer 2 network, Base.

Chainlink's token LINK surged 10% to a seven-month high, marking a 42% increase over the past week, driven by a partnership with Intercontinental Exchange and a token buyback initiative called the Chainlink Reserve. Technical indicators suggest further bullish momentum if LINK can break resistance at around $24, while support levels remain near $21.

Chainlink and Mastercard have partnered to allow over 3 billion Mastercard holders to purchase cryptocurrencies directly on-chain, integrating various platforms like Shift4, zerohash, XSwap, and Uniswap. This collaboration aims to bridge the gap between traditional payments and the cryptocurrency space, enhancing Mastercard's ongoing expansion into digital currencies.