Market News / Story
Moody’s gives Sky Protocol B3 rating as institutional interest in USDS grows
The Block ·
The Block reports: Moody’s Ratings assigned Sky Protocol a B3 issuer rating with a stable outlook, marking the first rating the agency has issued to a stablecoin protocol. Sky operates the USDS stablecoin, with the protocol's capital allocators accessing USDS liquidity and deploying it across diversified strategies. Sky said the rating reflects growing institutional recognition of its credit profile as it works to build its reserves and improve its capital position. "The value of…