S&P gives BlackRock tokenized reserve fund top stability rating
CoinTelegraph·
60-second summary
The S&P assigns a top stability rating to BlackRock's tokenized reserve fund, acknowledging its ability to maintain a stable net asset value. This rating contrasts with its separate assessment of USDT, which it reaffirmed as one of the lowest-rated stablecoins under its existing framework, raising concerns about USDT's stability and investor trust in the cryptocurrency market.
The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.