S&P Global rates Sky Protocol B-

S&P Global Ratings has assigned a B- issuer credit rating to the decentralized lending platform Sky Protocol, according to Cointelegraph. Sky’s USDS stablecoin received a “4” (constrained) rating for its ability to maintain its dollar peg, highlighting moderate risks such as depositor concentration, centralized governance, regulatory uncertainty and weak capitalization. The rating indicates that while Sky is currently capable of meeting its financial obligations, it remains vulnerable to adverse business, financial or economic conditions.