Crypto
Standard Chartered Sees SKY Soar Fivefold to $0.325 by 2028
Standard Chartered has set its sights on SKY, predicting it will rise fivefold to $0.325 by 2028.
The forecast is part of a broader analysis that sees the stablecoin market reaching $2 trillion in total valuation by the end of 2028.
Sky's USDS token currently offers an annualized yield of 3.6%, and its agents, Spark, Grove, and Obex, have collectively borrowed $5.9 billion in USDS as of the report date.
The bank positions SKY to outperform Bitcoin while tracking closer to Ethereum's performance trajectory through the forecast period.