The Block (@TheBlockCo): THE BLOCK: Moody's assigned Sky Protocol a B3 issuer rating with a stable outlook, marking the first issuer rating the agency has given to a stablecoi…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- SKY+25Positive
THE BLOCK: Moody's assigned Sky Protocol a B3 issuer rating with a stable outlook, marking the first issuer rating the agency has given to a stablecoin protocol. Moody's identified the level of Sky's reserves as a central factor in its assessment, with the protocol working toward a governance-set minimum target.