Chainlink joins with S&P for on-chain stablecoin risk scores

S&P Global will provide risk assessments for major stablecoins, available to DeFi protocols in real time, in partnership with Chainlink.

Traditional firms are increasingly exploring stablecoins. On Tuesday, October 14, S&P Global partnered with Chainlink to publish on-chain stablecoin risk scores. The Stablecoin Stability Assessments (SSAs) will initially be available on Coinbase’s Base network.

According to S&P Global, while these are not credit ratings, the assessments evaluate stablecoins based on their ability to maintain a 1:1 value to the underlying assets. Stablecoin assessments will range from 1 (strong) to 5 (weak), and each rating will be based on reserves, governance, liquidity, and compliance.

“By making our SSAs available on-chain through Chainlink’s proven oracle infrastructure, we’re enabling market participants to access our assessments seamlessly using their existing DeFi infrastructure, enhancing transparency and informed decision-making across the DeFi landscape,” Chuck Mounts, Chief DeFi Officer at S&P Global.

Chainlink puts S&P Global stablecoin scores on-chain

Thanks to its integration with Chainlink, S&P Global’s risk assessments will be available directly to DeFi protocols in real time. According to Sergey Nazarov, co-founder of Chainlink, S&P’s credibility also enables major institutions to “adopt stablecoins at scale.”

“By making its SSAs available on-chain, Chainlink enables S&P to extend its reach directly into the digital asset economy. S&P Global Ratings is one of the world’s most trusted providers of credit ratings, relied upon by the largest banks, asset managers, and governments. This unlocks a critical framework for institutions adopting stablecoins at scale, enabling a more secure and compliant foundation for digital markets,” Nazarov said.

The integration comes at a time when stablecoin adoption is accelerating. As of October 2025, the stablecoin market cap was $304 billion, up from $173 billion last year.