
星球日报|Dec 13, 2025 01:34
[Moody's Proposes 'Reserve Quality-Centric' Stablecoin Evaluation Framework]
Odaily Planet Daily News – According to The Block, credit rating agency Moody's has introduced a new stablecoin evaluation framework. This framework will assess the creditworthiness of stablecoin debt and assign ratings accordingly. Moody's framework essentially implies that two stablecoins claiming 1:1 backing with the US dollar may receive different ratings even if their backing assets are identical, due to differences in the assets used to support these stablecoins. Moody's stated: 'We will address market value considerations by estimating the market value risk of each eligible reserve asset (depending on its type and maturity).' 'The analysis will yield an estimated interest rate applicable to the value of each asset. We also recommend considering operational risks, liquidity risks, technological risks, and other factors associated with stablecoins to arrive at the final rating.'
Timeline