Moody's Assigns First Issuer Rating to Stablecoin Protocol Sky Protocol
Sky Frontier Foundation announced that Moody's Ratings has assigned a B3 issuer rating with a stable outlook to Sky Protocol, marking the first time Moody's has rated any stablecoin protocol. This follows S&P Global’s recent B- rating for the same platform, making Sky Protocol the only stablecoin project currently evaluated by both major credit agencies. The ratings are based on independent assessments and provide institutional investors with a standardized way to evaluate Sky Protocol using established financial frameworks. Moody's highlighted the level of Sky Reserves as central to its evaluation, while the Foundation is focused on increasing these reserves through revenue retention strategies under Stage 2 buybacks. Sky Governance aims for an investment-grade rating in the long term and has outlined plans to address factors that could support a higher credit profile. Real-time financial metrics are publicly available online.
Topics: Credit Rating Moody's Ratings Sky Protocol Stablecoins