USDSの‌価格

$GRVT On October 7, 2026, Moody’s Ratings scored Sky Protocol a B3 issuer rating with a stable outlook.  This happens to be the first-ever rating the agency has assigned to a stablecoin protocol. This is an important move to institutional investors who may be sitting on the fence as regards USDS, because it gives the dollar stablecoin issuer a score from a second major agency. The only protocol scored by two major agencies Sky announced that the B3 score by Moody’s means it’s the only stablecoin protocol rated by Moody’s and S&P Global. The B3 grade is on par with the “B-“that S&P scored Sky in August 2025. B3 is a non-investment-grade mark.   The protocol saw the rating as a pat on the back rather than a warning about any future occurrence.  Greg Feibus, who serves as the Global Head of Capital Markets at the firm, stated that “The value of independent credit ratings is that they allow institutional investors to assess Sky through frameworks they already use across global markets.”  He opined that Sky attaining multiple assessments only serves to strengthen Sky’s credit profile in the eyes of institutional investors.   What S&P flagged a year prior The latest rating by Moody’s comes with some familiar narratives. S&P rated Sky a B- in August last year, and when it did so, it noted Sky’s high depositor concentration, highly centralized governance, and weak risk-adjusted capitalization.  In fact, Sky’s founder, Rune Christensen, had up to 9% of the protocol’s governance tokens, which S&P felt gave him enormous influence over Sky’s future, especially with extremely low voter turnout.  Also, Sky’s 0.4% risk-adjusted capital ratio and thin surplus buffer were flagged by S&P as a “noteworthy weakness,” and predicted an upgrade wasn’t realistic in the next 12 months.  Reports framed the grade in blunter terms: a B- rating makes USDS and DAI somewhat on the same level as government bonds from the Democratic Republic of the Congo. Any debt with a rating below BBB- is pretty much high-yield or junk. Why institutions are interested anyway The ratings come at a good time; they come as institutional investors strengthen their bond with Sky.  Galaxy Digital saw that $100 million of sUSDS (the savings version of USDS) was added to its corporate treasury. It went on to approve USDS as collateral throughout its institutional lending desk and purchased an unknown amount of the SKY governance token. All of this happened in late September. Feibus linked the interest from Galaxy to the S&P rating from 2025. Standard Chartered’s projection for Sky’s USDS is a favorable one, with the bank predicting 5x returns for token holders by 2028.  The reserve problem Sky is looking to fix Sky seems to have a challenge with its reserves, as both Moody’s and S&P noted in their scorecards. The protocol seems to be taking action; however.  In March of this year, there was a vote by the governing cooperative of the protocol to slash its daily buyback program by 87% and to redistribute funds towards its backstop buffer. It remains to be seen if such a move will move the needle with both agencies. S&P plans to increase Sky’s rating if it sees improvement in governance concentration, thin capital, and depositor concentration. Until then, we wait. If you're reading this, you’re already ahead. Stay there with our newsletter.

FROM MINING TO MARKETPLACE Free mining is the entry point. But Sible’s Q1 2027 roadmap points to a much bigger layer: an Enterprise AI Marketplace. 👀 The plan is to let enterprises access compute, AI models, data and AI-training services using SIBLE and USDS. That changes the thesis. Instead of only distributing rewards, Sible is trying to build a place where network resources can actually be bought and used. users → resources → enterprise demand → payments That loop is much harder to build than mining. But if it works, that’s where real utility starts. ⚡ #SibleNetwork #AIInfrastructure #Web3 #Crypto

Where Did $MKR Go? Maker Is Now $SKY, and Most Holders Don't Know It If you search for the MKR price today, you'll find a token trading below $0.10 instead of $2,000+. Did Maker crash 99.99%? No. Maker ($MKR) has been rebranded and redenominated as Sky ($SKY). Here is what changed and why it matters. What Is the MKR to SKY Rebrand? In August 2024, MakerDAO, the protocol behind the DAI stablecoin, rebranded as Sky Protocol. Its governance token $MKR was upgraded to $SKY, which is now the only governance token of the Sky ecosystem. The stablecoin was upgraded as well, with DAI converting to USDS at a 1:1 ratio. 1 MKR = 24,000 SKY: The Ratio That Explains Everything: Every MKR converts into 24,000 SKY tokens. This is a redenomination, the same way a company stock split works. Holders receive more units, each unit is worth less, and the total value stays the same. SKY price $0.093 × 24,000 = $2,232 per MKR-equivalent So SKY at $0.093 is effectively MKR at $2,232. That's why the price looks dramatically lower. No value was lost in the conversion. Supply Check: The Numbers Add Up About 977K MKR × 24,000 = about 23.4 billion SKY SKY's total supply of roughly 23.46B matches this calculation. The market cap carried over directly from MKR to SKY. How to Calculate the Real SKY Price in MKR Terms: To compare today's SKY price with historical MKR charts, multiply by 24,000: SKY at $0.093 = about $2,232 MKR-equivalent SKY ATH at $0.1014 = about $2,434 MKR-equivalent SKY is currently trading only about 8% below its ATH. In MKR terms, that puts it back above the $2,200 level. Still Holding MKR? Read This Before You Upgrade: The full-value upgrade window closed in September 2025. If you still hold MKR in a self-custody wallet, late upgrades now carry a delayed-upgrade penalty that increases every quarter. The longer you wait, the less SKY you receive. If your MKR was held on an exchange, most platforms converted balances automatically, so check your SKY balance. Use only the official Sky upgrade portal. Fake migration sites target confused MKR holders. Myth vs Reality: "SKY Is Under $0.10, It Can 100x" This is the most common mistake retail investors make with SKY. A $0.093 price does not mean the token is undervalued. SKY's market cap is about $2.17B, and that number is what determines its potential. A 100x from here would mean a $217B market cap, larger than most of the crypto market. Always value tokens by market cap, not by price per token. Key Takeaways: ➤ MKR is now SKY, and Maker is now Sky Protocol ➤ 1 MKR = 24,000 SKY, which is a redenomination and not a crash ➤ SKY at $0.093 equals about $2,232 per MKR ➤ SKY is trading about 8% below its ATH of $0.1014 ➤ DAI has been upgraded to USDS at a 1:1 ratio ➤ Late MKR upgrades lose value to a quarterly-growing penalty ➤ Use only the official Sky portal to upgrade Note: Don't fall for the biggest myth that $SKY is "cheap" compared to $MKR: at $0.093, SKY equals $2,232 per MKR (1 MKR = 24,000 SKY), which puts it about 10,500% above MKR's 2017 low of $21. DYOR | Not Financial Advice

SIBLE’S 20% REVENUE LOOP ⚡ Most people watching Sible are focused on free mining. But one Q4 mechanism may matter much more long term. 👀 Sible plans to introduce the Revenue Vault, designed to provide visibility into eligible enterprise contracts and allocate 20% of designated contract revenue to a treasury mechanism supporting the SIBLE ecosystem. That number is the interesting part. Free mining can distribute participation. But distribution alone doesn’t create sustainable demand. The Revenue Vault is an attempt to build a second layer: enterprise activity → contract revenue → ecosystem treasury → long-term network support If that mechanism works as intended, Sible’s story starts moving beyond “users mine rewards” toward something harder to build — an ecosystem connected to actual commercial activity. And the roadmap goes further. Q1 2027 is planned to add USDS, Sible Fabric and an Enterprise AI Marketplace, where enterprises could access compute, AI models, data and training services using SIBLE and USDS. That’s the bigger thesis. 📊 Mining may bring the users. Enterprise demand has to build the economy. The Revenue Vault is still a planned mechanism, so execution and actual contract activity will matter far more than the percentage on paper. But if you’re watching Sible, 20% may be one of the most important numbers on the roadmap. ⚡ #SibleNetwork #Web3 #Crypto #AIInfrastructure #Blockchain