Moody’s Gives Sky Protocol Its First Stablecoin Credit Rating

Crypto Insight Summary: Moody’s has given Sky Protocol a B3 rating with a stable outlook, marking the agency’s first rating of a stablecoin protocol. But the report carries a sting: Sky held only about $90 million in tangible common equity against roughly $10 billion in tangible managed assets as of September, leaving the former MakerDAO with what Moody’s […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: First stablecoin rating by Moody’s adds credibility but limited immediate market impact.