📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
S&P assigns a credit rating of "B-" to the issuance organization USDS Sky Protocol
Sky Protocol, the issuer of the stablecoin USDS, has just been rated "B-" by S&P Global, reflecting the risks associated with the concentration of depositors, a centralized governance model, and a weak risk-adjusted capital ratio.
This is the first time S&P has assigned a credit rating to a stablecoin system. However, S&P stated that the likelihood of upgrading Sky in the next 12 months is "very low."
According to the report, the risk-adjusted capital ratio is only at 0.4%, along with a lack of flexible reserves that poses a risk of a massive liquidity withdrawal. The high concentration of governance power — with founder Rune Christensen holding 9% of the tokens and a low voting participation rate — is also a cause for concern.
Some other risks include the possibility of smart contract attacks and an unclear DeFi legal environment. Nevertheless, Sky has been noted for having a stable operational history and modest income since 2020.
USDS is currently the 4th largest stablecoin in the world with a market capitalization of 7.9 billion USD.