Moody's has unveiled a proposed framework for rating stablecoins, focusing on the quality of reserves, market risks, and operational stability. This initiative aims to differentiate dollar-pegged tokens based on their underlying assets and ensure they can meet obligations even if the issuer becomes insolvent. In related developments, Tether, which holds $135 billion in U.S. Treasury bonds, is planning to launch a U.S.-only stablecoin to cater to increasing domestic demand.