#Cayman Islands #Grand Cayman #Moody's #Sky Frontier #Sky Protocol

Moody's Ratings Assigns First Issuer Rating to Sky Protocol

On October 7, 2026, the Sky Frontier Foundation proudly announced a significant milestone for Sky Protocol as Moody's Ratings assigned it a B3 issuer rating, alongside a stable outlook. This marks a historic moment as it is the very first time that Moody's has issued a rating for any stablecoin protocol. Following a similar rating of B- from SP Global Ratings in the recent weeks, Sky Protocol stands out as the only stablecoin protocol evaluated by two of the leading credit rating agencies.

The process undertaken by both Moody's and SP Global Ratings involved distinct evaluation methods, each with its own set of criteria. The independent ratings obtained by Sky Protocol allow institutional investors to assess the protocol against established credit rating standards, a unique position that no other stablecoin protocol currently holds.

A formal credit rating is crucial for Sky Protocol's broader strategy to increase its reserves, demonstrating that its governance and operational practices have undergone thorough assessment by an impartial entity. Moody's recognized the significance of Sky Reserves, a focus that the Foundation strongly aligns with. Recently, Sky Governance has enhanced its Treasury Management Function and initiated a Stage 2 buyback strategy, whereby a portion of the Net Protocol Revenue is retained to elevate Sky Reserves toward a minimum target set by governance.

Building these reserves demands time, but it remains a top priority for Sky Protocol. Real-time metrics detailing these reserves are accessible to the public at Sky Financial Management.

Greg Feibus, Global Head of Capital Markets for Sky Frontier Foundation, expressed gratitude for the rigorous analysis provided by Moody's. He stated, "The value of independent credit ratings is profound, allowing institutional investors to consider Sky through established frameworks prevalent in global markets. Securing multiple independent assessments presents a clearer and more comparable view of Sky’s creditworthiness. We are diligently focused on enhancing our level of Sky Reserves, aligning with the insights highlighted by Moody's."

Both Moody's and SP Global Ratings detailed aspects that could improve Sky Protocol's creditworthiness in the future. In response, Sky Governance and the Foundation are currently evaluating these factors, with a comprehensive roadmap soon to be published. Achieving a higher capital ratio is an objective for Sky Governance, with long-term aspirations aimed at reaching an investment-grade rating.

About Sky Ecosystem

Sky Protocol is a global platform designed for efficient capital allocation, supporting the governance-driven Sky Savings Rate while also being backed by a diversified set of collateral. This unique infrastructure is supported by the Sky Agent Network, an impartial collective of capital allocators competing to access USDS liquidity under specific governance-related risk parameters across a range of strategies. The income generated from these financial operations contributes to the overall revenue of Sky Protocol. Furthermore, the adjustable Sky Savings Rate, made available via the world’s most extensive stablecoin savings token, sUSDS, allows users to benefit from yield opportunities.

For more details, please visit Sky Ecosystem.

Legal Notice and Forward-Looking Statements

The insights presented in this announcement solely reflect the views of the Sky Frontier Foundation as of the publication date and may change without prior notice. Readers are advised to seek their own independent analyses or professional advice, as this information is intended for general informational purposes and does not constitute any form of legal, financial, or investment advice.

As per forward-looking statements, inherent uncertainties exist concerning the projected outcomes and actual results can vary significantly due to market volatility, regulatory changes, and decentralized governance decisions. Caution is advised when relying on forward-looking assertions, and the Foundation is under no obligation to update such statements. All information is provided as-is without any warranty.