Trade First: S&P Global Ratings’ Stablecoin Threat Assessments Now Obtainable On to Sensible Contracts through Chainlink’s Institutional-Grade DataLink Publishing Service, Powering the Subsequent Era of Institutional DeFi.
S&P Global (NYSE: SPGI) at the moment introduced a collaboration between S&P Global Ratings, the world’s main supplier of credit score rankings, benchmarks and analytics, and Chainlink, the industry-standard oracle platform bringing the capital markets on-chain, to ship S&P Global Ratings’ Stablecoin Stability Assessments (SSAs) on-chain through DataLink-an institutional-grade information publishing service powered by the Chainlink information normal. This initiative makes S&P Global Ratings’ deep, impartial stablecoin danger evaluation immediately accessible inside decentralized finance (DeFi) protocols and sensible contracts for the primary time.
Chainlink brand
The on-chain SSAs present real-time entry to S&P Global Ratings’ complete stablecoin stability assessments, which, whereas not credit score rankings, consider stablecoins on a scale from 1 (very robust) to five (weak) primarily based on their means to keep up secure worth relative to fiat currencies. As institutional adoption of digital belongings accelerates, the flexibility to entry real-time danger assessments immediately inside blockchain infrastructure has grow to be essential for market contributors. The collaboration allows DeFi protocols, lending platforms, and institutional buyers to include S&P Global Ratings’ sturdy analytical danger assessments immediately into their automated decision-making processes.
‘The launch of SSAs on-chain by way of Chainlink underscores our dedication to assembly our purchasers the place they’re,’ stated Chuck Mounts, Chief DeFi Officer at S&P Global. ‘By making our SSAs out there on-chain by way of Chainlink’s confirmed oracle infrastructure, we’re enabling market contributors to entry our assessments seamlessly utilizing their present DeFi infrastructure, enhancing transparency and knowledgeable decision-making throughout the DeFi panorama.’
As a turnkey service, DataLink empowers information suppliers like S&P Global Ratings to publish information to blockchains and on-chain markets in a safe and dependable manner-without the necessity to construct or keep new infrastructure.
‘I am very excited that S&P Global Ratings is leveraging Chainlink to deliver its Stablecoin Stability Assessments on-chain for the primary time, empowering the world’s largest establishments to undertake stablecoins at scale,’ stated Sergey Nazarov, Co-Founding father of Chainlink. ‘By making its SSAs out there on-chain, Chainlink allows S&P to increase its attain immediately into the digital asset economic system. S&P Global Ratings is without doubt one of the world’s most trusted suppliers of credit score rankings, relied upon by the biggest banks, asset managers, and governments. This unlocks a vital framework for establishments adopting stablecoins at scale, enabling a safer and compliant basis for digital markets.’
The collaboration leverages Chainlink’s infrastructure, which has powered the vast majority of the on-chain economic system for greater than half a decade, enabling over $25 trillion in transaction worth whereas actively securing almost $100 billion in DeFi TVL. Chainlink additionally has a longtime observe report working with main monetary establishments together with Swift, Euroclear, J.P. Morgan, Constancy, UBS, and Mastercard. The on-chain SSAs initially launch on Base, the Ethereum Layer 2 blockchain incubated by Coinbase, with growth to extra networks deliberate primarily based on market demand and shopper suggestions.
The launch comes at a pivotal second within the evolution of digital belongings. As of October 2025, the stablecoin market’s capitalization reached $301bn, marking a considerable enhance from $173bn a yr in the past (Supply: Coingecko). The signing of the GENIUS Act into regulation on July 18, 2025, established the primary federal regulatory framework for stablecoins in the USA, offering readability for institutional contributors. The provision of S&P Global Ratings’ SSAs on-chain additional helps market contributors as they develop and undertake easy-to-use DeFi options that meet the high-risk administration requirements that regulated establishments require to maneuver capital on-chain at scale.
S&P Global: Constructing on Development in DeFi
The launch represents the newest milestone in S&P Global‘s continued progress in DeFi markets, underpinned by its main analyst-driven analysis and opinions in digital belongings:
Might 2021: S&P Dow Jones Indices launches its first cryptocurrency index collection, ‘S&P Digital Market Indices’, together with Bitcoin and Ethereum indices.
Might 2022: Institution of devoted DeFi group underneath S&P Global‘s Chief DeFi Officer, Chuck Mounts.
Jan 2023: Launch of S&P Cryptocurrency DeFi Index, a DeFi-focused crypto benchmark monitoring the efficiency of chosen DeFi tokens / protocols.
Dec 2023: Launch of S&P Global Ratings’ Stablecoin Stability Assessments framework masking main stablecoins.
Feb-Sept 2025: S&P Global Ratings assigns its first rankings to tokenized treasury funds Janus Henderson’s Anemoy Tokenized Treasury Fund, the Delta Wellington Extremely Brief Treasury On-Chain Fund, and OpenEden Group Ltd.’s Tokenized TBILL Fund.
July 2025: S&P DJI collaborates with Centrifuge to enter the fund tokenization area by licensing the S&P 500 Index.
Aug 2025: First-ever credit standing for a DeFi protocol (Sky Protocol, B- Steady Outlook).
Sept 2025: Centrifuge launches SPXA, the primary licensed S&P 500 index fund token.
Oct 2025: S&P DJI publicizes plans to launch S&P Digital Markets 50 Index, an progressive crypto ecosystem index that mixes cryptocurrencies and crypto-linked equities.
Oct 2025: S&P Global Ratings brings its SSAs On-Chain through Chainlink.
S&P Global Ratings at present assesses 10 main stablecoins by way of its SSA framework, together with USDT, USDC, and Sky Protocol’s USDS/DAI. The assessments think about components together with asset high quality, governance frameworks, regulatory compliance, redeemability, liquidity, and observe report.
Media Contacts:
Russell Gerry
S&P Global Ratings
+44 (0)7790 931 983
russell.gerry@spglobal.com
Chainlink Press Staff
press@chain.hyperlink
About S&P Global Ratings
At S&P Global Ratings, our analyst-driven credit score rankings, analysis, and sustainable finance opinions present vital insights which might be important to translating complexity into readability so market contributors can uncover alternatives and make selections with conviction. By bringing transparency to the market by way of high-quality impartial opinions on creditworthiness, we allow progress throughout all kinds of organizations, together with companies, governments, and establishments.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost supplier of credit score rankings, benchmarks, analytics and workflow options within the international capital, commodity and automotive markets. With each one among our choices, we assist most of the world’s main organizations navigate the financial panorama to allow them to plan for tomorrow, at the moment. For extra info, go to www.spglobal.com/rankings
About S&P Global
S&P Global (NYSE: SPGI) gives Important Intelligence. We allow governments, companies and people with the correct information, experience and related know-how in order that they’ll make selections with conviction. From serving to our clients assess new investments to guiding them by way of sustainability and vitality transition throughout provide chains, we unlock new alternatives, remedy challenges and Speed up Progress for the world.
We’re broadly wanted by most of the world’s main organizations to supply credit score rankings, benchmarks, analytics and workflow options within the international capital, commodity and automotive markets. With each one among our choices, we assist the world’s main organizations plan for tomorrow, at the moment. For extra info, go to www.spglobal.com
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the vast majority of decentralized finance (DeFi). The Chainlink stack gives the important information, interoperability, compliance, and privateness requirements wanted to energy superior blockchain use instances for institutional tokenized belongings, lending, funds, stablecoins, and extra. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction worth and now secures the overwhelming majority of DeFi.
Most of the world’s largest monetary companies establishments have additionally adopted Chainlink’s requirements and infrastructure, together with Swift, Euroclear, Mastercard, Constancy Worldwide, UBS, ANZ, and prime protocols comparable to Aave, GMX, Lido, and many others. Chainlink leverages a novel payment mannequin the place offchain and onchain income from enterprise adoption is programmatically transformed to LINK tokens and saved in a strategic Chainlink Reserve. Be taught extra at chain.hyperlink.
