📢 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 First Rates Stablecoins: USDS Issuer Receives B- with Three Major Risks
[Chain News] PANews, August 8 - S&P Global has granted a "B-" credit rating to USDS issuer Sky Protocol, marking the first time the rating agency has issued a credit rating for a stablecoin system. The report noted that although Sky has maintained stable profits since 2020 and has controlled losses during market fluctuations, there are three major risks: founder Rune Christensen effectively controls protocol decisions through a 9% governance token (low voter turnout exacerbates centralization), a concentration of large deposit users could trigger a bank run, and a 0.4% risk-adjusted capital ratio with a weak static surplus reserve mechanism. S&P particularly emphasized that the cybersecurity risks posed by smart contract asset storage and uncertainties in DeFi regulation constitute potential threats. In the next 12 months, if Sky experiences liquidity shortages, excessive losses in crypto loans, or adverse regulatory conditions, the rating may be downgraded. S&P believes that in the long term, improving issues related to governance centralization, capital adequacy, and deposit centralization is expected to enhance the rating.