S&P Issues First-Ever ‘B-‘ Rating to Sky Protocol, Marking Entry into DeFi Assessment

S&P Global Ratings has awarded a groundbreaking “B-” credit rating to Sky Protocol, marking the first time a major credit agency has evaluated a decentralized finance (DeFi) protocol. This pivotal step in S&P’s stablecoin stability assessment program evaluates the performance and resilience of stablecoins like Sky’s USDS and DAI. 5th August 2025 marked this significant milestone in DeFi’s acceptance by traditional financial institutions.