S&P Global Ratings: More than half of reviewed stablecoins now show solid peg stability
AI Market Summary
S&P Global Ratings reports improving stablecoin peg reliability, with 6 of 11 assessed tokens scoring adequate or better, reflecting stronger reserve asset quality and issuer risk management. USDC, EURC, USDP and USDG rank strongest, while USDT, TUSD and USDe sit at the weakest end of the scale. The divergence may influence perceived counterparty risk and stablecoin usage across exchanges and on-chain markets.
Impact level
● Medium
AI InsightAI Insight
● Neutral
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S&P Global Ratings said six of the 11 stablecoins it tracks in its stability assessments now score "adequate" or higher for peg reliability, citing improved asset quality and stronger issuer risk management.
On the agency's five-point scale, USDC, EURC, USDP and USDG received "strong" ratings.
At the other end of the spectrum, USDT, TrueUSD (TUSD) and Ethena's USDe all sit at S&P's weakest rating of 5, despite Tether remaining by far the largest stablecoin in the market.
