 protocols and investors assess the stability of stablecoins.){kind=link}
Remy Blaire welcomes Chuck Mounts, the Chief DeFi Officer at S&P Global Ratings, to discuss the recent partnership between S&P Global and Chainlink. This collaboration aims to bring stablecoin risk ratings on-chain, significantly transforming how decentralized finance (DeFi) protocols and investors assess the stability of stablecoins.
Remy begins the conversation by introducing the Stablecoin Stability Assessment (SSA), a product launched by S&P Global approximately a year and a half ago. Chuck explains that the SSA was developed to fill a critical gap in the market, providing stakeholders with insights into the risks associated with different stablecoins and their ability to maintain a one-to-one peg. He emphasizes that the SSA is distinct from traditional credit ratings, as it focuses specifically on de-pegging risk.
The discussion then shifts to the technical aspects of the SSA’s launch on a 3M Layer 2 base. Chuck elaborates on S&P Global’s blockchain-agnostic approach, highlighting the importance of enhancing market liquidity and price discovery. He notes that the Ethereum network was a logical starting point for integrating their benchmarks and analytics on-chain, while also expressing the company’s intention to expand to other networks in the future.
Remy and Chuck also explore S&P Global’s broader strategy regarding digital assets, including the introduction of a new on-chain index of crypto and crypto-related stocks. Chuck shares his enthusiasm for leveraging S&P’s historical expertise in data analytics and benchmarks to drive advancements in the digital asset market.
As they reflect on the recent SmartCon 2025 event in New York City, Chuck provides insights into the growing institutional adoption of blockchain technology. He observes a notable shift in S&P Global’s business mix, with an increasing number of traditional clients seeking products and services that blend on-chain and off-chain capabilities.