[Moody's Proposes Stablecoin Rating Framework Centered on Reserve Quality] According to The Block, credit rating agency Moody's has proposed a new stablecoin evaluation framework. This framework will assess the creditworthiness of stablecoin debt and assign ratings. Moody's framework essentially implies that two stablecoins claiming 1:1 backing with the U.S. dollar could receive different ratings, even if their backing assets are identical, due to differences in the types of assets used to support these stablecoins. Moody's stated: 'We will address market value considerations by estimating the market value risk of each eligible reserve asset (depending on its type and maturity).' 'The analysis will result in an estimated rate applicable to the value of each asset. We also recommend considering operational risk, liquidity risk, technological risk, and other factors of the stablecoin to arrive at the final rating.'