Moody’s Is Working on Scoring System for Crypto Stablecoins

Moody’s Corp. is working on a scoring system for stablecoins, the crypto sector’s most traded tokens, as the asset class grows and faces increased scrutiny from regulators and investors.

The system will include an analysis of up to 20 stablecoins based on the quality of attestations on the reserves backing them, according to a person familiar with the plans who asked not to be named discussing private information.

Read more: Bloomberg