#DeFiGetsGraded #DeFiGetsGraded

In a step considered a first of its kind, "Standard & Poor's Global" has granted a credit rating of "-B" to the "Sky Protocol", formerly known as "MakerDAO", making it the first global rating agency to assess a decentralized protocol in the decentralized finance (DeFi) sector.

This rating comes as part of the stablecoin stability assessment program launched by the agency in 2023, which aims to measure the ability of currencies such as USDS and DAI, associated with the Sky Protocol, to maintain their value against traditional currencies like the US dollar.$XRP