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Non-profit Bluechip Launches Platform to Evaluate Safety of Stablecoins

Non-profit organization Bluechip has launched a rating platform to provide transparent and unbiased evaluations of stablecoins in the crypto market. The platform currently rates 15 stablecoins and gold-pegged tokens based on Bluechip's SMIDGE rating framework, which evaluates stability, management, implementation, decentralization, governance, and externals. The launch is supported by MakerDAO co-founder Rune Christensen, Reserve’s co-founder Nevin Freeman, and StarkWare co-founder Eli Ben-Sasson, among others. The platform aims to provide a simple tool and clear grading system to help users make informed decisions when choosing stablecoins.

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