Skycoin
Sky Completes Second Burn, Destroying 7.37 Million SKY Tokens
The second burn was about 2.6 times the size of the first. Sky's Stage 2 framework directs 5% of monthly net surplus to SKY buybacks and burns.
Sky's $4.4 billion liquidity disclosure shows why USDS cash-outs need a separate bank route
Sky's October 9 PSM disclosure highlights existing conversion liquidity, while borrowing and token migration need not bring matching new dollars into crypto.
Sky Falls 12% as Derivatives Activity Weakens and Open Interest Drops
Open interest in SKY perpetual contracts fell 13% to about $51 million as funding turned negative, while Sky's protocol fees totaled $27.22 million over 30 days.
How SKY crypto's 12% price drop raises the risk of further losses
SKY faces further downside risks as derivatives activity weakens despite healthy on-chain fundamentals.
Moody's Assigns Sky Protocol B3 Rating, Its First Stablecoin-Protocol Assessment
The rating has a stable outlook. Sky is the only stablecoin protocol formally rated by both Moody's and S&P Global Ratings.
Why Is Sky (SKY) Price Down Today? Key Factors
Find out why Sky (SKY) price is down today, the market factors to check, and what traders should watch next.
Moody's Gives Sky Protocol Its First Stablecoin Credit Rating
Moody's has given Sky Protocol a B3 rating with a stable outlook, marking the agency's first rating of a stablecoin protocol.
Sky Protocol Earns Moody's B3 Rating With USDS Institutional Interest Rising
Moody's Rating: Moody's assigned a B3 issuer rating with a stable outlook to Sky Protocol marking the first rating the agency has issued to a stablecoin protocol. Institutional Interest: Company representatives said independent ratings help investors evaluate the protocol using familiar market frameworks.
Sky Falls 4.07% in One Hour to $0.07971 as 24-Hour Loss Deepens
SKY was down 11.33% over 24 hours at 9:36 a.m. ET. Long liquidations totaled $20,000 during the same hour.
Moody's assigns B3 rating to Sky, flags thin capital buffer
Sky's speculative-grade rating highlights the need for stronger capital buffers, impacting institutional investment and stablecoin market stability. Moody's assigns B3 rating to Sky, flags thin capital buffer.
Moody's Gives Sky Protocol B3 Rating Amid Thin Capital Buffer
The stable outlook places Sky in Moody's speculative-grade category, with about $90 million in equity supporting $10 billion in managed assets.
Sky Falls 7.34% in Four Hours to $0.09079
The token was down 2.29% over 24 hours as of 12:42 a.m. ET on Oct. 6.
