TLDR
- Chainlink price climbed to $18.60 after announcing partnership with S&P Global for on-chain stablecoin risk assessments
- The collaboration gives 2,400 financial institutions access to standardized stablecoin stability metrics through blockchain infrastructure
- Technical analyst Ali Martinez projects LINK could rally to $100 after breaking out from a symmetrical triangle pattern
- S&P Global will launch assessments on Base network first with plans to expand based on market demand
- LINK remains down 5% in 24 hours and 18% over the past week despite partnership news
Chainlink price rose to $18.60 following the announcement of a partnership with S&P Global Ratings. The collaboration brings Stablecoin Stability Assessments directly on-chain through the oracle network’s DataLink infrastructure.
The recovery pushed LINK higher from $18.22 earlier in the trading session. However, the token still trades down 5% over the past 24 hours and 18% over the past week due to broader market weakness.
S&P Global Ratings will publish stablecoin risk evaluations directly on blockchain infrastructure for the first time. The assessments will be accessible within DeFi protocols and smart contracts.
Over 2,400 financial institutions can now access standardized risk metrics through this partnership. The evaluations cover credit risk, market risk, and custody risk for stablecoins in the market.
Chuck Mounts, Chief DeFi Officer at S&P Global, stated the launch demonstrates the company’s commitment to meeting clients in their operating environment. The assessments will debut on the Base network with expansion plans for additional networks.
The stablecoin market has exceeded $300 billion in total value. S&P Global’s on-chain assessments target enhanced transparency and adoption within regulated financial environments.
Analyst Eyes $100 Target for LINK
Market analyst Ali Martinez maintains Chainlink trades within a buy zone before a potential move to $100. The LINK price continues trading inside a symmetrical triangle pattern forming since 2022.
The pattern shows support near $15 and resistance around $21. Martinez previously identified $20 as critical support that could trigger a rally toward $47 as an intermediate target.
A confirmed breakout above $21 resistance could open a path toward $37, then $55, and ultimately $100 according to the analyst’s technical outlook.
Institutional Partnerships Expand
Chainlink co-founder Sergey Nazarov said the partnership empowers the world’s largest institutions to adopt stablecoins at scale. He noted S&P Global Ratings is one of the most trusted credit rating providers for major banks, asset managers, and governments.
The oracle network has processed over $25 trillion in transaction value during the past five years. It currently secures nearly $100 billion in DeFi total value locked.
Chainlink maintains partnerships with Swift, Euroclear, J.P. Morgan, Fidelity, UBS, and Mastercard. The S&P Global collaboration expands this institutional roster.
S&P Global has been growing its DeFi operations since launching its first cryptocurrency index series in May 2021. The company created a dedicated DeFi group under Chuck Mounts in May 2022.
The rating agency launched its Stablecoin Stability Assessments framework in December 2023. S&P Global assigned the first credit rating for a DeFi protocol in August 2025 when it evaluated Sky Protocol.
Price Action and Market Conditions
The partnership announcement provided temporary support during negative market conditions. Chart patterns show consolidation around $18.60 following the bounce from $18.22 lows.
Lending platforms, DeFi protocols, and institutional investors can integrate S&P Global’s analytical risk assessments directly into automated decision-making processes. The on-chain assessments enable real-time access to comprehensive stability evaluations within blockchain infrastructure.
S&P Global plans to expand the service to additional networks based on market demand and client feedback. Recent developments include S&P DJI working with Centrifuge to license the S&P 500 Index in July 2025.
The company announced plans for the S&P Digital Markets 50 Index in October 2025, which will combine cryptocurrencies and crypto-linked equities.
