That stated, of the eight stablecoins S&P reviewed, a number of obtained lackluster scores. Most notably Tether’s USDT, the biggest stablecoin by market cap and most used crypto asset when it comes to buying and selling quantity, was given the fourth-lowest rating in vary from 1 to five. In the meantime MakerDAO’s dai (DAI), widespread throughout decentralized finance (DeFi), and the Justin Solar-backed TrueUSD, the fourth and fifth largest stablecoins, respectively, have been additionally given low scores.
