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Moody’s to Introduce Scoring System for Stablecoins

Leading financial institution Moody’s Corporation is reportedly working on a scoring system for up to 20 stablecoins, assessing the quality of their reserves attestation, Bloomberg reported on Jan. 26.

Bloomberg, citing a person familiar with the matter, reported that the scoring system is still in its early phase and will not represent an official credit rating.

(By Oluwapelumi Adejumo)

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