S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-

coindesk.com/business/2025/08/11/s-and-p-assigns-first-ever-credit-rating-to-a-defi-protocol-rates-sky-at-b

S&P Global Ratings assigned a B- (stable outlook) issuer credit rating to Sky Protocol, the decentralized lending platform formerly known as Maker Protocol, in a first for the decentralized finance (DeFi) industry.
The Ethereum-based protocol issues the USDS stablecoin, created when…

This story appeared on coindesk.com, 2025-08-11 15:08:26.
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