📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
S&P Global gives Sky Protocol a "B-" credit rating.
Golden Finance reports that S&P Global has given the issuer of USDS, Sky Protocol, a "B-" credit rating. According to Sky, this is the first time that the rating agency has issued a credit rating for a stablecoin system. According to S&P's official website, a B rating means that the entity is more susceptible to adverse business, financial, and economic conditions, but still has the capacity to meet its financial obligations. The report points out that "Outlook Stable" but also states that the rating of Sky is constrained by its highly concentrated depositors, highly centralized governance structure, and weaker risk-adjusted capital strength. S&P pointed out that although founder Rune Christensen holds 9% of the governance tokens, due to the low voting rate, Christensen has significant power in determining the future direction of Sky.