#DeFiGetsGraded added: First Credit Rating for a DeFi Protocol — A Game Changer?

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$DEFI Gets Graded: S&P Gives Sky Protocol a B- Rating—DeFi Meets Traditional Finance

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Hello crypto community!

In a groundbreaking move, S&P Global has assigned its first-ever credit rating to a $DEFI platform—Sky Protocol (formerly MakerDAO), rating its stablecoin liabilities (USDS and DAI) at B- with a stable outlook. This positions Sky on par with speculative-grade sovereign debt like that of the Democratic Republic of Congo.

This milestone introduces a traditional risk framework to DeFi, offering standardization that could attract more institutional participation. But it also raises key questions:

Will these ratings enhance trust and drive capital inflows?

Or could they compromise decentralization—the core ethos of $DEFI ?

A pivotal moment indeed—DeFi just might be earning its report card.

Hashtags:

#DeFiGetsGraded #SkyProtocol #CryptoInstitutional #binancewritetoearn