🚨 NEW: S&P Global Ratings partnered with Chainlink to bring its Stablecoin Stability Assessments on-chain for real-time stablecoin risk data access. https://t.co/7AYsa5mtFF ...

RT The Rollup (@therollupco)Executive Director at @wyostable explains why the state decided to launch America's first state-issued stablecoin."The state will need some way to generate revenues. It's a way to diversify revenue and pay for schools in the state without having to increase taxpayer burden." https://t.co/6VDLc30SrX ...

pyusd supply on solana grew from $5m to $452m in 30 days. 70% sits in kamino earning yield. paypal discovered the stablecoin playbook isn't payments it's defi composability. usdc fights for stripe integration pyusd farms 20% apr. 400m venmo users haven't even touched crypto yet ...

Market Trends - Stablecoin supply has surpassed $300 billion [1]

Core Insights - Figure Certificate Company is launching its SEC-registered security token YLDS on the Sui blockchain, providing regulated yield and direct USD access without traditional crypto exchanges [1][2] - YLDS offers a yield of SOFR minus 35 basis points, backed by short-term treasury securities, distinguishing it from unregulated stablecoins [4][2] - The integration of YLDS with Sui's blockchain enables instant peer-to-peer transfers while adhering to regulatory frameworks [5][6] Company Overview - Figure Certificate Company is registered with the SEC as a face-amount certificate company under the Investment Company Act of 1940, ensuring regulatory oversight for YLDS [2] - The company has submitted letters to the SEC regarding YLDS trading pairs as a settlement mechanism for non-security crypto assets, indicating proactive regulatory engagement [7] Industry Context - The Secured Overnight Financing Rate (SOFR) serves as the benchmark interest rate for dollar-denominated loans and derivatives, having replaced LIBOR in 2023 [3] - YLDS provides a yield-bearing alternative to traditional stablecoins, which typically maintain a fixed one-dollar peg without yielding returns [4][6] - The collaboration between Figure and Mysten Labs aims to connect regulated financial products with blockchain technology, reflecting a trend towards integrating traditional finance with digital assets [6]

RT BSCN (@BSCNews)🚨 @SPGLOBALRATINGS AND @CHAINLINK BRING STABLECOIN RISK SCORES ONCHAINDeFi protocols and institutions can now access real-time Stablecoin Stability Assessments via Chainlink DataLink 👇https://t.co/LcD6yvlFL6 ...

RT Blockworks (@Blockworks_)S&P Global Ratings and Chainlink debut on-chain stablecoin stability assessments for DeFi and institutional users https://t.co/nbie7QL1PX ...

RT S&P Global (@SPGlobal)S&P Global is excited to announce a collaboration between S&P Global Ratings, the world’s leading provider of #CreditRatings, benchmarks and analytics, and Chainlink Labs, the industry-standard oracle platform bringing the capital markets on-chain, to deliver S&P Global Ratings’ Stablecoin Stability Assessments (SSAs) on-chain via DataLink—an institutional-grade data publishing service powered by the Chainlink data standard.This initiative makes S&P Global Ratings' deep, independent ...

💥BREAKING:S&P GLOBAL TEAMS UP WITH CHAINLINK TO HELP INSTITUTIONS EVALUATE STABLECOIN RISKS! https://t.co/X6cW7LwM2k ...

Core Insights - The price of Chainlink (LINK) has declined by over 5% to $18.41 despite a new collaboration with S&P Global for stablecoin assessments [2][3] - S&P Global Ratings is now publishing Stablecoin Stability Assessments (SSAs) on-chain through Chainlink, enhancing transparency and risk automation in decentralized finance (DeFi) [3][5] - The stablecoin market has grown to $305 billion, up from $173 billion a year prior, indicating increasing institutional interest and regulatory clarity [8] Company Developments - Chainlink's integration with S&P Global allows for real-time risk data on stablecoins, which can be utilized by investors and smart contracts [3][5] - The SSA framework evaluates major stablecoins like USDT and USDC, providing scores based on reserve quality, transparency, and market performance [4][7] - This collaboration is expected to enhance the reliability of decentralized data, as Chainlink supports over $25 trillion in DeFi transactions [9] Industry Context - The passage of the GENIUS Act has established a federal regulatory framework for stablecoins in the US, contributing to the market's growth [8] - The SSAs are initially launched on the Base chain, which is Coinbase's Ethereum Layer 2, with potential for further expansion [9]