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.

The article discusses stablecoin chains, highlighting their significance in the cryptocurrency ecosystem and their potential to provide stability amidst market volatility. It explores various stablecoin projects and their underlying technologies, emphasizing the importance of regulatory compliance and the role of decentralized finance (DeFi) in shaping their future.

Ethereum's stablecoin supply has surged to a record $166 billion, reflecting increasing confidence in its role within decentralized finance (DeFi). USDT leads the market with $87.8 billion, followed by USDC at $48 billion, signaling heightened institutional adoption and liquidity.