Moody’s Gives Sky Protocol B3 Rating as Institutional Interest in USDS Grows

Livecoins

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Moodys, one of the world's leading credit risk rating agencies, attributed a rating to Sky, the former MakerDAO. With this, they became the first stablecoin rating protocol evaluated by the agency. Also in 2023, sources pointed out that Moodys was working to create a stablecoin rating system. Therefore, it is [...] Source: Moodys attributes rating to Sky, the former MakerDAO, which becomes the first stablecoin rating protocol evaluated by the ag…

Crypto Economy

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Key Points of The News Moody’s Rating: Moody’s assigned a B3 issuer rating with a stable perspective to Sky Protocol, which marks the agency’s first rating to a stablecoin protocol. Institutional interest: Company representatives pointed out that independent ratings help investors to evaluate the protocol. This is a ... Read more

DiarioBitcoin

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Ownership

Moody’s assigned Sky a B3 rating with a stable perspective, but stressed that its reserves represent less than 1% of the assets it manages.