S&P Global Ratings has released its ninth stablecoin stability assessment report, which rated Mountain Protocol’s stablecoin USDM with a rating of three points, giving it an “adequate” rating. It is reported that S&P Global Ratings evaluates multiple aspects of stablecoins, including credit risk, market risk, custody risk, reserves, the robustness of the clearing mechanism and available over-collateralization, as well as governance, regulatory framework and third-party dependence. A score of 1 means "very strong" and a score of 5 means "weak". (TheBlock)