Moody’s Assigns Sky Protocol B3 Rating
Moody's assigned Sky a B3 issuer rating with a stable outlook, marking its first rating of a stablecoin protocol as institutional interest grows.
Moody's has assigned Sky a B3 issuer rating with a stable outlook, representing the rating agency's first-ever evaluation of a stablecoin protocol, according to TheBlock. The rating arrives amid rising institutional interest in the USDS stablecoin.
Rating Details
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In addition to the Moody's assessment, Sky also holds a B- rating from S&P Global Ratings. The evaluations reflect growing engagement from traditional financial institutions within the protocol's ecosystem.
Key facts
- Moody's assigned Sky a B3 issuer rating with a stable outlook.
- The evaluation marks the first stablecoin protocol rating issued by Moody's.
- Sky also holds a B- rating from S&P.
- Institutional interest in the USDS stablecoin is growing.
Source: theblock.co
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