S&P Global Assigns First Credit Rating to DeFi Protocol
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 09 2025Historic Credit Rating for DeFi: S&P Global has assigned a 'B-' credit rating to Sky Protocol, marking the first credit rating for a decentralized finance protocol and highlighting its stablecoins USDS and DAI.
Implications for Market Trust: This rating signifies a shift towards recognizing DeFi's legitimacy in traditional finance, potentially increasing investor confidence while also exposing risks related to liquidity and governance centralization.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
