Sky Protocol received a S&P B- rating, with a reserve target of 150 million USD and a stable asset ratio of 50%

S&P Global Ratings assigned Sky Protocol a B- credit rating with stable outlook on October 1. The stablecoin protocol's total USDS and DAI supply grew to $9.5 billion, with reserves at $92 million against a $150 million target and robust assets comprising 50% of circulating supply. Sky is expanding its Prime Agent ecosystem for specialized investments while managing increased complexity.