Stablecoins with High Market Value Unpegged at least 609 Times this Year Moodys Introduces New Tool for Early Prediction of Stablecoin Unpegging Risks

Stablecoins have developed into a multi-billion dollar asset class. In order to meet the market’s demand for comprehensive risk assessment tools, Moody’s has developed a new Digital Asset Monitoring (DAM) tool using machine learning models. This tool tracks 25 stablecoins backed by fiat currencies, including Tether, USDC, and PayPal Coin. It can provide real-time insights into stablecoin-related data such as market and liquidity dynamics of stablecoins, stability of stablecoin issuers, custodians holding stablecoin assets, and the quality of the reserve funds. It also predicts the probability of stablecoins decoupling from fiat currencies within a 24-hour timeframe.