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Today, @SkyEcosystem and its decentralized stablecoin USDS got a B- rating from S&P (@SPGlobal ) - the first time they rated any stablecoin issuer, centralized or decentralized.
Some people are getting hung up on the B- because its not investment-grade yet when compared to established Tradfi issuances - that would be a big mistake.
Any crypto stablecoin/smart contract system is expected to get a more conservative rating, because Defi carries unique technological and regulatory risks. The rating is very fair and there is now a clear and surprisingly accurate framework to improving it over time.
This rating is a milestone for all Defi because it proves that decentralized protocols can meet the standards of major ratings agencies, paving the way for an adoption of crypto assets + issuers by existing Tradfi organizations.
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Yup there is no doubt to me now that the EU has to go
2.8. klo 18.01
France lost Africa. Germany lost its mind. So they invented the EU to pretend they’re still in charge.
Paris needed a stage. Berlin needed a leash. The EU gave them both — a theatre of diplomacy where nothing real happens, but everyone applauds the script.
France couldn’t hold on to its empire, so it rebranded dominance as "values." Germany couldn’t trust itself with power, so it outsourced it to process. And together, they built an institution where guilt passes for vision and weakness passes for virtue.
The result? A union where no one commands, everyone regulates, and real power flows elsewhere — to Washington, to Beijing, to anyone willing to act instead of vote.
The EU is not Europe's future. It’s the cover story for its retreat.
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