Moody’s gives Sky Protocol B3 rating as institutional interest in USDS grows
Moody's assigned Sky a B3 issuer rating with a stable outlook, its first rating of a stablecoin protocol. Sky is also rated B- by S&P.
Archive context
Fresh in the current trading session. It maps to a high-priority topic hub.
Why this matters
This maps to the Institutional Adoption hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on The BlockRelated market context
S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks
S&P Global is bringing ratings-style risk assessments to crypto lending vaults as the fast-growing market confronts fresh security...
Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges
Bitcoin Magazine Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges Payment volume processed on crypto ca...
Institutional capital is flowing into crypto, and Hyperliquid is capturing allocators’ attention
Institutional interest in crypto signals growing market legitimacy, potentially driving increased adoption and innovation in decen...
Securitize Teams With Korea’s LG CNS to Explore Tokenized Funds and Stablecoins
Securitize and Korean technology company LG CNS announced a strategic partnership, set out in a memorandum of understanding, aimed...
Strike launches 3.6% interest on cash, paid out in Bitcoin
Strike's Bitcoin interest feature could drive broader crypto adoption by incentivizing users to convert cash savings into Bitcoin...
Tether Celebrates 12 Years, USD₮ Surpasses 700M Users
Key Takeaways: Tether marked the 12th anniversary of the world’s largest stablecoin by market cap, USD₮. The company claims that U...