Crypto
S&P Assigns Its First Credit Rating to a DeFi Protocol, Evaluates Sky at B-
S&P Global Ratings has issued a B- rating with a stable outlook to Sky Protocol, marking a significant milestone for DeFi.
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S&P Global Ratings has issued a B- rating with a stable outlook to Sky Protocol, marking a significant milestone for DeFi.
The first quarter has turned into a loss for Sky, contrasting sharply with the previous quarter's profit, driven by high interest payouts on its new stablecoin.
Sky's recent stablecoin, USDS, rapidly gains traction on the Solana network, outpacing competitors in its early adoption.
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