#DeFiGetsGraded

S&P Global Assigns First Credit Rating to DeFi Protocol:

What to Know:

S&P Global issues first credit rating to decentralized protocol Sky Protocol.

Range from stablecoin USDS and DAI, marking historic move.

Impacts market perception of DeFi stability and trustworthiness.

S&P Global Assigns First Credit Rating to DeFi Protocol

S&P Global has assigned a ‘B-‘ credit rating to Sky Protocol, marking the first such rating for a decentralized finance protocol, focusing on its stablecoins USDS and DAI