Credit rating firm Moody’s Corporation, which provides credit ratings for listed crypto companies, is reportedly developing a scoring system for stablecoins. The system will analyse up to 20 stablecoins based on the quality of the attestations of stablecoin reserves, which would usually be released on a monthly or quarterly basis and certified by third-party audit firms. The system is still in its initial stage and the report would not represent an official credit rating.
Source: https://www.bloomberg.com
