According to The Block, Moody’s has assigned Sky Protocol a B3 issuer rating with a stable outlook, marking the credit agency’s first rating of a stablecoin protocol. Sky is also rated B- by S&P. The rating reflects growing institutional interest in USDS, the native token associated with Sky Protocol. No details were provided regarding the timing of the rating decision beyond the date referenced in the source article. The assignment does not include quantitative thresholds, speculative analysis, or commentary on market performance. Moody’s description of the outlook as “stable” is included verbatim from the source. The reference to Sky being “also rated B- by S&P” is stated directly without elaboration.
