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TechFlow, August 8 — According to Dlnews, Standard & Poor's Global Ratings (S&P Global Ratings) has issued its first credit rating for the decentralized finance protocol Sky (formerly MakerDAO), assigning it a B- rating, equivalent to the sovereign debt ratings of countries like the Democratic Republic of the Congo. The rating primarily applies to Sky's USDS and DAI stablecoins and their corresponding savings tokens.
According to Dlnews, S&P Global Ratings has issued its first credit rating for the decentralized finance protocol Sky (formerly MakerDAO), assigning it a B- rating—comparable to the sovereign debt ratings of countries like the Congo. The rating primarily applies to Sky's USDS and DAI stablecoins and their corresponding savings tokens.
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