Moody's Ratings will provide credit assessments for stablecoins, including ratings of the quality of the reserve assets backing the tokens, as adoption accelerates.
Moody's Plans Stablecoin Credit Ratings as Demand Surges: Nikkei Asia
6 May 2026 - 09:14 CEST
The agency, which introduced its Stablecoin Rating Methodology on 17 Mar, said it is responding to investors who are cautious about cryptocurrency risks, Nikkei Asia reported.
"Among the conditions that are needed for a stablecoin to scale is trust," Fabian Astic, managing director and global head of digital economy at Moody's, told the outlet in a 5 May report.
He noted that the stablecoin market capitalization has doubled in 2025 to about $300bn and could hit $4tn in the coming years. Moody's rating system is designed for fiat-backed stablecoins pegged to real-world assets and excludes algorithmic stablecoins, which rely on automated incentives.
The framework also requires that reserve assets be legally segregated from the issuer's general balance sheet, ensuring that they are ring-fenced and remain available for token redemptions even in the event of an issuer's bankruptcy.
