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Sky Protocol's stablecoin supply grows, credit rating affirmed at B- with stable outlook

Protocol Fundamentals
02 Oct 2026
Tokenpost
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Neutral
Sky Protocol's stablecoin supply grows, credit rating affirmed at B- with stable outlook

Sky Protocol's issuer credit rating was affirmed at B- with a stable outlook on Oct. 1, reflecting growth in its stablecoin supply to $9.5 billion from $7.7 billion in August 2025. USDC and Treasury-backed funds now make up about half of the stablecoin supply, increasing from 36% to roughly 50%. The protocol's reserves stood at $92 million as of September 2026, below its $150 million target, while on-chain crypto lending decreased and off-chain lending grew to about $1 billion. Prime Agents manage 65% of combined assets, adding complexity to governance and risk management.

Sky Protocol's credit rating and stablecoin supply growth provide context for cryptocurrency market activity on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Oct 02, 2026 18:31 WIB: out of 50 major cryptocurrencies, 36 rose and 13 fell. Notable movers include ENJ (Enjin Coin) at Rp565 with a 7.74% increase, BAT (Basic Attention Token) at Rp1.699 up 6.69%, and COTI at Rp251 with a 4.81% gain. ENJ saw 100% buy order activity and a typical hold time of 104 days.

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