S&P Global Expands Credit Ratings to Crypto Institutions, Including Stablecoins and Digital Asset Funds

August 11, 2025

, By Cointelegraph

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S&P Global Ratings assigned a “B-” issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major agency has issued a rating for a decentralized finance (DeFi) platform.

The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their ability to maintain a stable value relative to fiat currencies. The review covers the creditworthiness of Sky’s liabilities, the USDS (USDS) and DAI ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/dai-price-index” title=”null”>DAI) stablecoins and the sUSDS and sDAI savings tokens.

Sky Protocol, evaluated…

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S&P Global Expands Credit Ratings to Crypto Institutions, Including Stablecoins and Digital Asset Funds

August 11, 2025

, Published By Cointelegraph

S&P Global Ratings assigned a “B-” issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major agency has issued a rating for a decentralized finance (DeFi) platform.

The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their ability to maintain a stable value relative to fiat currencies. The review covers the creditworthiness of Sky’s liabilities, the USDS (USDS) and DAI ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/dai-price-index” title=”null”>DAI) stablecoins and the sUSDS and sDAI savings tokens.

Sky Protocol, evaluated…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Western Overseas Study Abroad Ltd Simplifies PR Visa Process for Canada and Australia

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Microsoft Quietly Launches Copilot 3D as Experimental Feature, Turns 2D Images into 3D Models

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