Moody’s gives Sky Protocol B3 rating as institutional interest in USDS grows
60-second summary
Moody’s awards Sky Protocol a B3 issuer rating with a stable outlook, marking the first stablecoin protocol rating, while S&P also assigns a B‑minus grade. The dual assessments reflect rising institutional confidence in USDS, Sky’s algorithmic stablecoin, and signal broader market validation that could attract further capital inflows and bolster stablecoin credibility across the crypto sector.
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.