最新报道:S&P Global has assigned a "B-" credit rating to stablecoin issuer Sky Protocol, marking the agency's first evaluation of a stablecoin system. The rating reflects Sky's vulnerability to adverse conditions but acknowledges its current capacity to meet obligations. S&P cited concerns over centralized governance (with founder Rune Christensen controlling 9% of governance tokens), depositor concentration, and a weak 0.4% risk-adjusted capital ratio. While noting Sky's strong track record since 2020 and robust security measures, the report warned of potential downgrades if liquidity issues arise or regulatory challenges emerge. The $7.9 billion USDS issuer could see ratings improve long-term by addressing governance centralization and capital risks. S&P maintains a stable outlook but considers an upgrade unlikely within 12 months.