
S&P Global Expands Credit Ratings to Crypto Institutions, Including Stablecoins and Digital Asset Funds
The S&P Global Rating handed the sky protocol a “B-” issuer credit rating, known as the earlier maker protocol, the first time a major agency has released a rating for a decentralized finance (DEFI) platform. Rating S&P’s stablecoin is part of the ongoing evaluation of issuers, which began in 2023 to evaluate their ability to…