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Moody’s Gives Sky Protocol Its First Stablecoin Credit Rating

Moody’s has given Sky Protocol a B3 rating with a stable outlook, marking the agency’s first rating of a stablecoin protocol. But the report carries a sting: Sky held only about $90 million in tangible common equity agai...

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Moody’s Gives Sky Protocol Its First Stablecoin Credit Rating
Moody’s has given Sky Protocol a B3 rating with a stable outlook, marking the agency’s first rating of a stablecoin protocol. But the report carries a sting: Sky held only about $90 million in tangible common equity against roughly $10 billion in tangible managed assets as of September, leaving the former MakerDAO with what Moody’s […]

Why this matters

This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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