📊 Bluechip, a new rating agency for stablecoins, has arrived with the support of #MakerDAO 's Rune Christensen, Reserve's Nevin Freeman, and StarkWare's Eli Ben-Sasson.

🏦 Bluechip began its activities by evaluating 15 stablecoins and gold-pegged tokens, including #BUSD, #LUSD, #PAXG, #GUSD, #USDP, #USDC, #XSGD, #DAI, #RAI, #FRAX, #XAUT, #USDT, #EURT,#TUSDand #USDD. Surprisingly, none of them achieved the top A+ rating. BUSD, LUSD, PAXG and GUSD ranked at the top with an A grade, while USDD was at the bottom with an F grade.

🔍 The SMIDGE scoring system used by Bluechip includes Stability, Governance/Team, Implementation, Decentralization, Governance, and External Factors. Ratings are provided free of charge.

🤔 It is clear that this agency is looking to get ahead of regulators and calm the environment around stablecoins, especially after last year's UST collapse. Despite the ongoing FUD, it is not yet clear whether normies will accept these ratings. However, as an additional tool for risk assessment, they can be useful, especially if the agency is quickly assessing new assets.

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