Moody\u2019s \u0111\u00e3 g\u00e1n cho Sky Protocol<\/strong> x\u1ebfp h\u1ea1ng B3<\/strong> v\u1edbi tri\u1ec3n v\u1ecdng \u1ed5n \u0111\u1ecbnh, \u0111\u00e1nh d\u1ea5u l\u1ea7n \u0111\u1ea7u ti\u00ean c\u01a1 quan n\u00e0y th\u1ef1c hi\u1ec7n x\u1ebfp h\u1ea1ng \u0111\u1ed1i v\u1edbi m\u1ed9t giao th\u1ee9c stablecoin. Tuy nhi\u00ean, b\u00e1o c\u00e1o c\u0169ng ch\u1ec9 ra m\u1ed9t \u0111i\u1ec3m y\u1ebfu: Sky ch\u1ec9 n\u1eafm gi\u1eef kho\u1ea3ng 90 tri\u1ec7u USD<\/strong> v\u1ed1n c\u1ed5 ph\u1ea7n th\u00f4ng th\u01b0\u1eddng h\u1eefu h\u00ecnh, trong khi t\u1ed5ng t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd h\u1eefu h\u00ecnh l\u00ean t\u1edbi kho\u1ea3ng 10 t\u1ef7 USD<\/strong> t\u00ednh \u0111\u1ebfn th\u00e1ng 9. \u0110i\u1ec1u n\u00e0y t\u1ea1o ra m\u1ed9t “\u0111i\u1ec3m y\u1ebfu t\u00edn d\u1ee5ng \u0111\u00e1ng k\u1ec3”<\/strong> m\u00e0 Moody\u2019s \u0111\u00e3 \u0111\u1ec1 c\u1eadp.<\/p>\n C\u1ed7 m\u00e1y t\u00edn d\u1ee5ng c\u1ee7a Ph\u1ed1 Wall \u0111\u00e3 ch\u00ednh th\u1ee9c b\u01b0\u1edbc ch\u00e2n v\u00e0o l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh phi t\u1eadp trung (DeFi<\/em>). Sky, tr\u01b0\u1edbc \u0111\u00e2y l\u00e0 MakerDAO, qu\u1ea3n l\u00fd c\u00e1c stablecoin USDS<\/strong> v\u00e0 DAI<\/strong> g\u1eafn v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la. \u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd kh\u00f4ng ch\u1ec9 l\u00e0 x\u1ebfp h\u1ea1ng m\u00e0 c\u00f2n l\u00e0 n\u1ed9i dung b\u00e1o c\u00e1o c\u1ee7a Moody\u2019s, cho th\u1ea5y kho\u1ea3ng 90 tri\u1ec7u USD v\u1ed1n c\u1ed5 ph\u1ea7n th\u00f4ng th\u01b0\u1eddng \u0111\u1ee9ng sau kho\u1ea3ng 10 t\u1ef7 USD t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd h\u1eefu h\u00ecnh, t\u1ea1o ra m\u1ed9t v\u1ecb th\u1ebf v\u1ed1n m\u00e0 h\u1ecd g\u1ecdi l\u00e0 “\u0111i\u1ec3m y\u1ebfu t\u00edn d\u1ee5ng \u0111\u00e1ng k\u1ec3”<\/strong>.<\/p>\n C\u01a1 quan x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng Moody\u2019s \u0111\u00e3 ghi nh\u1eadn Sky c\u00f3 t\u1ed5n th\u1ea5t t\u00edn d\u1ee5ng l\u1ecbch s\u1eed th\u1ea5p<\/strong>, t\u00e0i s\u1ea3n thanh kho\u1ea3n v\u00e0 l\u1ee3i nhu\u1eadn v\u1eefng ch\u1eafc so v\u1edbi r\u1ee7i ro c\u1ee7a n\u00f3. K\u1ec3 t\u1eeb n\u0103m 2020, giao th\u1ee9c n\u00e0y \u0111\u00e3 ghi nh\u1eadn kho\u1ea3ng 15 tri\u1ec7u USD<\/strong> t\u1ed5n th\u1ea5t t\u00edch l\u0169y, trong khi kho\u1ea3ng 45% \u0111\u1ebfn 50%<\/strong> t\u00e0i s\u1ea3n c\u1ee7a n\u00f3 bao g\u1ed3m stablecoin v\u00e0 qu\u1ef9 th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c m\u00e3 h\u00f3a. Kho\u1ea3ng 25%<\/strong> c\u00f2n l\u1ea1i n\u1eb1m trong c\u00e1c kho\u1ea3n vay \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/p>\n Tuy nhi\u00ean, c\u00f3 m\u1ed9t \u0111i\u1ec1u ki\u1ec7n. Moody\u2019s cho bi\u1ebft v\u1ed1n h\u00f3a m\u1ecfng c\u1ee7a Sky, c\u00e1c ngh\u0129a v\u1ee5 stablecoin nh\u1ea1y c\u1ea3m v\u1edbi s\u1ef1 t\u1ef1 tin v\u00e0 c\u1ea5u tr\u00fac t\u1ed5 ch\u1ee9c t\u1ef1 tr\u1ecb phi t\u1eadp trung (DAO<\/em>) n\u1eb7ng n\u1ec1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn h\u1ed3 s\u01a1 t\u00edn d\u1ee5ng c\u1ee7a n\u00f3. Sky c\u0169ng thi\u1ebfu b\u00e1o c\u00e1o t\u00e0i ch\u00ednh \u0111\u00e3 \u0111\u01b0\u1ee3c ki\u1ec3m to\u00e1n, th\u00e0nh l\u1eadp ch\u00ednh th\u1ee9c, nh\u00e2n vi\u00ean, c\u00e1n b\u1ed9 v\u00e0 gi\u00e1m \u0111\u1ed1c.<\/p>\n “X\u1ebfp h\u1ea1ng CRR B3 ph\u1ea3n \u00e1nh l\u1ecbch s\u1eed ho\u1ea1t \u0111\u1ed9ng v\u1eefng ch\u1eafc, m\u1eb7c d\u00f9 c\u00f2n h\u1ea1n ch\u1ebf, c\u1ee7a Sky Protocol trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh phi t\u1eadp trung, t\u00ednh thanh kho\u1ea3n t\u01b0\u01a1ng \u0111\u1ed1i c\u1ee7a m\u1ed9t ph\u1ea7n l\u1edbn t\u00e0i s\u1ea3n c\u1ee7a n\u00f3, t\u1ed5n th\u1ea5t t\u00edn d\u1ee5ng l\u1ecbch s\u1eed th\u1ea5p v\u00e0 l\u1ee3i nhu\u1eadn v\u1eefng ch\u1eafc so v\u1edbi r\u1ee7i ro t\u00e0i s\u1ea3n c\u1ee7a n\u00f3,” b\u00e1o c\u00e1o x\u1ebfp h\u1ea1ng c\u1ee7a Moody\u2019s cho bi\u1ebft.<\/p>\n<\/blockquote>\n C\u00f4ng ty x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng \u0111\u00e3 nh\u1ea5n m\u1ea1nh r\u1eb1ng nh\u1eefng \u0111i\u1ec3m t\u00edch c\u1ef1c n\u00e0y b\u1ecb c\u00e2n b\u1eb1ng b\u1edfi v\u1ed1n h\u00f3a r\u1ea5t th\u1ea5p c\u1ee7a Sky Protocol, c\u00e1c ngh\u0129a v\u1ee5 stablecoin nh\u1ea1y c\u1ea3m v\u1edbi s\u1ef1 t\u1ef1 tin v\u00e0 c\u00e1c r\u1ee7i ro v\u1eadn h\u00e0nh, qu\u1ea3n tr\u1ecb, ph\u00e1p l\u00fd v\u00e0 quy \u0111\u1ecbnh v\u1ed1n c\u00f3 li\u00ean quan \u0111\u1ebfn c\u1ea5u tr\u00fac DAO, c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng h\u1ee3p \u0111\u1ed3ng th\u00f4ng minh v\u00e0 m\u00f4 h\u00ecnh stablecoin kh\u00f4ng c\u1ea7n s\u1ef1 cho ph\u00e9p.<\/p>\n C\u00e1c m\u1ee5c ti\u00eau qu\u1ea3n tr\u1ecb c\u1ee7a d\u1ef1 \u00e1n DeFi Sky y\u00eau c\u1ea7u v\u1ed1n c\u1ed5 ph\u1ea7n th\u00f4ng th\u01b0\u1eddng h\u1eefu h\u00ecnh \u0111\u1ea1t 150 tri\u1ec7u USD<\/strong> trong trung h\u1ea1n. N\u1ebfu t\u1ed5n th\u1ea5t v\u01b0\u1ee3t qu\u00e1 v\u1ed1n c\u00f3 s\u1eb5n, giao th\u1ee9c s\u1ebd ph\u00e1t h\u00e0nh v\u00e0 c\u1ed1 g\u1eafng b\u00e1n c\u00e1c token qu\u1ea3n tr\u1ecb m\u1edbi. N\u1ebfu bi\u1ec7n ph\u00e1p h\u1ed7 tr\u1ee3 \u0111\u00f3 th\u1ea5t b\u1ea1i, th\u00ec USDS<\/strong> v\u00e0 DAI<\/strong> c\u00f3 th\u1ec3 b\u1ecb ghi gi\u1ea3m.<\/p>\n Moody\u2019s cho bi\u1ebft m\u1ed9t n\u00e2ng c\u1ea5p tr\u1edf n\u00ean kh\u1ea3 thi n\u1ebfu t\u1ef7 l\u1ec7 v\u1ed1n c\u1ee7a Sky t\u0103ng l\u00ean tr\u00ean 2,5%<\/strong> v\u00e0 gi\u1eef \u1edf \u0111\u00f3 trong khi l\u1ee3i nhu\u1eadn, t\u00ednh thanh kho\u1ea3n v\u00e0 r\u1ee7i ro t\u00e0i s\u1ea3n v\u1eabn \u1ed5n \u0111\u1ecbnh. M\u1ed9t s\u1ef1 s\u1ee5t gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 0,5%<\/strong>, t\u1ed5n th\u1ea5t li\u00ean ti\u1ebfp h\u00e0ng qu\u00fd, ho\u1eb7c t\u00ednh thanh kho\u1ea3n y\u1ebfu h\u01a1n c\u00f3 th\u1ec3 \u0111\u1ea9y x\u1ebfp h\u1ea1ng theo h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i.<\/p>\n “CRR c\u1ee7a Sky Protocol c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c n\u00e2ng c\u1ea5p n\u1ebfu v\u1ed1n h\u00f3a (\u0111\u01b0\u1ee3c \u0111o b\u1eb1ng TCE so v\u1edbi TMA) t\u0103ng l\u00ean v\u00e0 ch\u00fang t\u00f4i k\u1ef3 v\u1ecdng n\u00f3 s\u1ebd duy tr\u00ec tr\u00ean 2,5%<\/strong>; trong khi n\u00f3 ti\u1ebfp t\u1ee5c duy tr\u00ec c\u00e1c m\u1ee9c l\u1ee3i nhu\u1eadn, t\u00ednh thanh kho\u1ea3n v\u00e0 r\u1ee7i ro t\u00e0i s\u1ea3n hi\u1ec7n t\u1ea1i; ho\u1eb7c n\u1ebfu c\u00f3 b\u1eb1ng ch\u1ee9ng ph\u00e1t tri\u1ec3n v\u1ec1 c\u00e1c bi\u1ec7n ph\u00e1p gi\u1ea3m thi\u1ec3u b\u1ed5 sung \u0111\u00e1ng k\u1ec3 \u0111\u1ed1i v\u1edbi c\u00e1c r\u1ee7i ro v\u1eadn h\u00e0nh, qu\u1ea3n tr\u1ecb, ph\u00e1p l\u00fd v\u00e0 quy \u0111\u1ecbnh,” b\u00e1o c\u00e1o c\u1ee7a Moody\u2019s cho bi\u1ebft.<\/p>\n<\/blockquote>\n \u0110\u1ed1i v\u1edbi c\u00e1c stablecoin g\u1eafn v\u1edbi fiat v\u00e0 DeFi, s\u1ef1 quan t\u00e2m l\u1edbn h\u01a1n hi\u1ec7n \u0111ang \u0111\u01b0\u1ee3c \u0111\u1eb7t l\u00ean b\u00e0n: Th\u01b0\u1edbc \u0111o t\u00edn d\u1ee5ng c\u0169 c\u1ee7a Ph\u1ed1 Wall cu\u1ed1i c\u00f9ng \u0111\u00e3 \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng cho m\u1ed9t DAO<\/em>. Kazakhstan \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t stablecoin tenge trong m\u1ed9t sandbox c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng. Hi\u1ec7n t\u1ea1i, h\u1ecd \u0111\u00e3 \u0111\u01b0a Tether<\/strong> v\u00e0o nghi\u00ean c\u1ee9u.<\/p>\n","protected":false},"excerpt":{"rendered":" Moody\u2019s G\u00e1n X\u1ebfp H\u1ea1ng B3 Cho Sky Protocol Moody\u2019s \u0111\u00e3 g\u00e1n cho Sky Protocol x\u1ebfp h\u1ea1ng B3 v\u1edbi tri\u1ec3n v\u1ecdng \u1ed5n \u0111\u1ecbnh, \u0111\u00e1nh d\u1ea5u l\u1ea7n \u0111\u1ea7u ti\u00ean c\u01a1 quan n\u00e0y th\u1ef1c hi\u1ec7n x\u1ebfp h\u1ea1ng \u0111\u1ed1i v\u1edbi m\u1ed9t giao th\u1ee9c stablecoin. Tuy nhi\u00ean, b\u00e1o c\u00e1o c\u0169ng …<\/p>\n","protected":false},"author":3,"featured_media":23251,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[9486,5089,5914,4217,9976,11133,10435,4409,9690],"class_list":["post-23252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-dai","tag-defi","tag-kazakhstan","tag-legal","tag-makerdao","tag-moodys","tag-sky-protocol","tag-tether","tag-usds"],"yoast_head":"\nTh\u00f4ng Tin V\u1ec1 Sky Protocol<\/h2>\n
T\u1ed5n Th\u1ea5t T\u00edn D\u1ee5ng v\u00e0 T\u00e0i S\u1ea3n<\/h2>\n
\u0110i\u1ec1u Ki\u1ec7n v\u00e0 R\u1ee7i Ro<\/h2>\n
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C\u00e1c M\u1ee5c Ti\u00eau Qu\u1ea3n Tr\u1ecb v\u00e0 Tri\u1ec3n V\u1ecdng T\u01b0\u01a1ng Lai<\/h2>\n
Kh\u1ea3 N\u0103ng N\u00e2ng C\u1ea5p X\u1ebfp H\u1ea1ng<\/h2>\n
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Quan T\u00e2m \u0110\u1ebfn Stablecoin v\u00e0 DeFi<\/h2>\n