Moody’s assigns B3 issuer rating to Sky Protocol with stable outlook
CIE News ·
Moody’s has assigned stablecoin protocol Sky a B3 issuer rating with a stable outlook, marking the agency's first rating for a stablecoin protocol, The Block reported.
Moody’s has assigned a B3 issuer rating with a stable outlook to Sky Protocol, according to The Block. The move reportedly marks the first time Moody’s has rated a stablecoin protocol. The Block reported that the protocol also holds a B- rating from S&P Global Ratings amid institutional interest in USDS.