The Grid Now Distributes Bluechip Safety Ratings for Stablecoins

Amsterdam, 26th Feb— The Grid has integrated Bluechip's stablecoin safety ratings into its ecosystem intelligence platform. Users searching for stablecoins on The Grid now see Bluechip's letter grade rating directly alongside asset data.

Stablecoins are infrastructure. Protocols build on them. Treasuries hold them. Ecosystems depend on them. But until now, getting a clear, independent assessment of a stablecoin's safety meant leaving the tools you already use and doing your own research.

That changes today.

What Bluechip Does

Bluechip is an independent stablecoin rating agency based in Vienna. The agency evaluates stablecoins using the SMIDGE framework, a rigorous six-factor methodology covering Stability, Management, Implementation, Decentralization, Governance, and Externals. Each stablecoin receives a letter grade rating from A+ to F, which are publicly available and updated on a rolling basis. Bluechip's independence from stablecoin issuers ultimately ensures that all ratings are unbiased and neutral.

What's Live Now

Open any stablecoin project profile on The Grid at thegrid.id. If Bluechip has issued a rating for that stablecoin, you will see the letter grade displayed in the profile.

No separate tab. No external link to chase down. The rating is part of the project record, alongside the off-chain business data The Grid already tracks, including products, supported blockchains, partnerships, and ecosystem activity.

Query the data

Want to query the data from The Grid’s graphQL endpoint? Here you go! You can enrich this query with as much information as you need. But this is how to pull just the Bluechip ratings.

query getBluechipRatings {
  roots(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
    slug
    assets(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
      name
      assetType {
        name
      }
      attributes {
        value
      }
    }
  }
}

query getBluechipRatings {
  roots(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
    slug
    assets(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
      name
      assetType {
        name
      }
      attributes {
        value
      }
    }
  }
}

query getBluechipRatings {
  roots(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
    slug
    assets(where: {attributes: {attributeType: {slug: {_eq: "bluechip_rating"}}}}) {
      name
      assetType {
        name
      }
      attributes {
        value
      }
    }
  }
}

Why This Matters

Ecosystem leaders at L1s and L2s make decisions about which stablecoins to support, integrate, and recommend to builders. Those decisions carry real consequences for their communities.

The Grid is already the place those teams come to understand who is building in their ecosystem and what those projects look like. Adding validated safety ratings for stablecoins means one fewer data source to stitch together before making a call.

Quotes

"Ecosystem intelligence is only useful when it is complete. Stablecoins sit at the core of how Web3 ecosystems function, and safety data on those assets belongs in the same place as everything else. Ratings is something we do not want to do, so this is the first step in aggregating them from across the Web3 ecosystem. We are glad to distribute their work where data platforms can actually use their data to help their users ." — Jonathan Knegtel, CEO, The Grid

"Our ratings are designed to make stablecoin safety accessible to everyone, not just those who know where to look. They are especially valuable to professional managers who oversee large corporate treasuries. Distributing through The Grid puts these ratings directly in front of these operators making financial decisions every day. This is exactly where they belong.” — Benjamin Levit, CEO, Bluechip

About Bluechip

Bluechip is an independent stablecoin rating agency. The agency evaluates stablecoins using the SMIDGE framework, a rigorous six-factor methodology grounded in extensive research and data. The agency's annual conference on crypto safety attracts a diversity of partners, from Mastercard to the Ethereum Foundation. Bluechip is based in Vienna, Austria. Learn more at bluechip.org.

About The Grid

The Grid is the intelligence platform for Web3 ecosystems. It collects and validates off-chain business data on Web3 companies, products, partnerships, and ecosystem activity, giving ecosystem leaders the visibility they need to make faster, better decisions. The Grid is based in Amsterdam, Netherlands. Discover and connect to Web3 at thegrid.id.