SP released the ninth stablecoin stability assessment report, rating USDM as qualified

Odaily News SP Global Ratings released the ninth stablecoin stability assessment report. The report rated Mountain Protocol’s stablecoin USDM with a rating score of three points and rated it as “adequate”. It is reported that SP Global Ratings evaluates multiple aspects of stablecoins, including credit risk, market risk, custody risk, reserves, the robustness of the clearing mechanism and available over-collateralization, as well as governance, regulatory framework and third-party dependence. A score of 1 means very strong and a score of 5 means weak. (TheBlock)