Coinone and KIS Pricing Jointly Develop "Stablecoin Index"
Cryptocurrency exchange Coinone announced on March 23 that it will release the "Stablecoin Index," jointly developed with KIS Pricing, an affiliate of international credit rating agency Moody's.
This index serves as a benchmark for evaluating the price stability and market trends of major stablecoins pegged to the US dollar. It is calculated based on US dollar-pegged stablecoins supported for trading on Coinone. Coinone provided foundational data, information, and market advisory services, while KIS Pricing was responsible for planning and developing the stablecoin index based on this input.
The index is disclosed daily at 5:00 PM on the KIS Pricing website and its data service "KIS-Net," using price data from Coinone Exchange at 4:00 PM on the same day. Supplementary indicators are also provided, showing how stably the price of a stablecoin maintains its pegged value.
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A Coinone representative stated, "The launch of this stablecoin index is timed to coincide with the acceleration of institutional reforms in the virtual asset market, such as the opening of the corporate investment market and the proposal of the Digital Asset Act. We hope it will establish itself as an authoritative benchmark in the virtual asset market and serve as a guide for investment decisions."
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