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PANews reported on December 13 that S&P Global Ratings announced on Tuesday its assessment of the stability of eight stablecoins, including Dai (Dai), First Digital USD (FDUSD), Tether (USDT), Frax (Frax), TrueUSD (TUSD), USD Coin (USDC), USDP and GUSD. Analysts mainly focus on "the quality of assets that support stablecoins". Overall quality is measured by custody risk, creditworthiness, and market value. As a result, USDC, USDP and GUSD received "strong" ratings. USDT, DAI, and FDUSD received "constrained" ratings, while FRAX and TUSD received "weak" ratings. Analysts said that no stablecoin received the highest rating of "very strong" in the first assessment.