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S&P Issues First Ever DeFi Platform Credit Rating!
What will this ground-breaking step mean for institutional adoptions and the broader crypto outlook?
Austin Hodge
August 11, 2025
In a move that's shaking up the DeFi landscape, S&P Global Ratings has awarded Sky Protocol—formerly Maker Protocol—a B- issuer credit rating, the first ever for a decentralized finance platform by a major credit agency. This marks a notable shift in how traditional financial systems view the burgeoning world of crypto, spotlighting both the promise and peril associated with these digital ventures.
While Sky Protocol can meet its obligations, the platform remains on shaky ground with centralized governance, high depositor concentration, and skimpy capital reserves flagged as potential stumbling blocks. Regulatory clouds and governance issues loom large, but the move hints at a stablecoin-ruled future inching closer.
Let's dive in!
S&P Global assigns Sky Protocol its first B-rating for a DeFi platform, highlighting risks like high depositor concentration and centralized governance. — Read More
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South Korean investors are favoring stablecoin-linked stocks over traditional US tech shares, despite the FSS's guidance on crypto ETFs. — Read More
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