What S&P gives Sky Protocol first DeFi credit rating unlocking on-chain credit for 2026

S&P Global Ratings has issued its first credit rating for a decentralized finance protocol, assigning Sky Protocol a B-minus with a stable outlook. The rating, published August 8, applies to the protocol’s stablecoin liabilities, including USDS and DAI, as well as their interest-bearing versions, but does not extend to governance tokens. The move establishes a […]