S&P Global Ratings Deems USDM by Mountain Protocol 'Adequate' in Stability Assessment Report
Tuesday, 19 March 2024, 15:22
S&P Global Ratings Assessment of USDM Stability
S&P Global Ratings recently conducted a comprehensive evaluation of USDM, the stablecoin issued by Mountain Protocol. The assessment focussed on essential factors like market risk and reserve funds to gauge the stability of USDM's peg.
Key Criteria Considered
- Market Risk: S&P Global Ratings scrutinized the impact of market volatility on USDM's peg maintenance.
- Reserve Funds: The assessment included an analysis of the reserve funds backing USDM to ensure its stability.
The rating agency concluded that USDM's ability to maintain its peg was deemed 'adequate' based on the assessment results. This evaluation showcases the reliability and performance of USDM within the stablecoin ecosystem.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.