#稳定币 Moody's has an interesting move this time! It turns out that two stablecoins, both claiming to be 1:1 pegged to the US dollar, can have different ratings depending on their underlying reserve assets. What does this mean? It means that in the future, the quality of stablecoins will really depend on their "inside" rather than their "appearance."

Previously, everyone thought stablecoins were just stablecoins, after all, they are all 1:1. Now, rating agencies are disrupting that by directly quantifying based on standards like reserve quality, market value risk, operational risk, and liquidity risk. In simple terms, they want investors to see clearly whether each stablecoin is backed by real gold and silver or just "watered-down" assets.

This is actually good news for the crypto space, but there will definitely be short-term volatility. Stablecoins with weaker reserves are likely to be stripped of their "crown," while those with real strength can seize this opportunity to prove themselves. The feedback deadline is January 26 next year, and the upcoming changes are definitely worth paying attention to.