Metrika Asset Risk Score (MARS)
Metrika Asset Risk Score (MARS) provides comprehensive, customizable risk assessments for stablecoins and tokenized real-world assets (RWAs)
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Stablecoin Ecosystem Ranking | Q2 2025*
The Metrika Asset Risk Score (MARS) is a forward-looking, probability-based risk framework designed to quantify the likelihood of stability breaches and catastrophic events across digital assets.
By abstracting complex multi-dimensional risk signals into an implied volatility-informed score, MARS enables risk professionals, investors, and operators to systematically evaluate, compare, and monitor asset stability under dynamic and evolving market conditions.
Each score reflects the composite risk evaluation based on the most recent market, on-chain, operational, and governance data, incorporating both quantitative models and external risk adjustments.
The outcomes are displayed across all covered assets, enabling relative comparisons of stability profiles under current conditions.
Token | Market Depth | Price Stability | Blockchain | Smart-Contract & Ops | Quant MARS Score | Adjustment | Final MARS Score |
|---|---|---|---|---|---|---|---|
| USDC | Excellent | Excellent | |||||
| USDT | Very Good | Good | |||||
| DAI | Very Good | Very Good | |||||
| USDS | Good | Good | |||||
| PYUSD | Good | Good | |||||
| USDTB | Good | Very Good | |||||
| FDUSD | Average | Frontier | |||||
| GHO | Average | Average | |||||
| RLUSD | Average | Average | |||||
| USD0 | Frontier | Average | |||||
| EURC | Frontier | Frontier | |||||
| USDG | Frontier | Frontier | |||||
| EURCV | Frontier | Frontier | |||||
| USDP | Frontier | Frontier | |||||
| XSGD | Frontier | Frontier |
* This table presents a representative snapshot of MARS scores as of May 21st 2025.
Source: Metrika Analysis
Clear, actionable insights for digital asset risk management
Inside this report:
- • MARS evaluates asset risk by breaking down complexity into clear categories, including Price Stability, Market Depth, Blockchain Infrastructure, Smart Contract & Operational Integrity, and Transparency & Governance.
- • MARS supports diverse operational requirements and use cases, including Counterparty & Collateral Due Diligence, Stablecoin Risk Monitoring, Regulatory Compliance & Reporting, Client Advisory & Product Development, and Pre-Trade Risk Checks.