Moody's introduced a proposal for a new credit scoring system targeting the stablecoin market. This initiative brings traditional financial analytics to the digital asset landscape. The system aims to increase transparency and trust in a sector often criticized for its lack of clarity.
The proposed framework focuses on two key areas. It evaluates the quality of reserve assets backing stablecoins. It also assesses the integrity of their custody protocols.
By standardizing the assessment of stablecoins, including USDT and USDC, Moody's helps investors gauge risk profiles. This move potentially reshapes institutional interaction with digital assets and fosters greater confidence across the cryptocurrency market.