That said, of the eight stablecoins S&P reviewed, several received lackluster scores. Most notably Tether’s USDT, the largest stablecoin by market cap and most used crypto asset in terms of trading volume, was given the fourth-lowest score in range from 1 to 5. Meanwhile MakerDAO’s dai (DAI), popular across decentralized finance (DeFi), and the Justin Sun-backed TrueUSD, the fourth and fifth largest stablecoins, respectively, were also given low scores.
Related posts
-
Weekly Crypto Roundup: Beldex Tops Gainers, Celsius Token Sinks 44%
On Monday, July 8, the global cryptocurrency market capitalization... -
Stablecoins, BTC Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
However, it’s not all doom and gloom for the digital assets sector. Stablecoins outperformed the rest... -
Crypto experts divided on the next Bitcoin price action
Bitcoin price has lost momentum and entered a bear market over the past few weeks amid...