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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.

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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.

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.

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