Core Insights - S&P Global Ratings is partnering with Chainlink to provide real-time stability assessments of stablecoins directly on blockchains [1][2] - The assessments score stablecoins from 1 to 5 based on their ability to maintain stable value against fiat currencies, considering factors like asset quality and liquidity [2] - The stablecoin market has grown significantly, reaching a capitalization of $305 billion, up from $130 billion a year ago [3] Company and Industry Developments - S&P currently evaluates 10 stablecoins, including USDT and USDC, focusing on operational and structural stability rather than traditional credit ratings [2] - The integration utilizes Chainlink's DataLink infrastructure, allowing traditional data providers to publish data on blockchains without needing new systems [3] - S&P Global has increased its involvement in the crypto space since 2021, launching crypto indices and issuing risk assessments for tokenized funds and DeFi protocols [4]