Standard Chartered Sees SKY Token Price Rise Fivefold by 2028

Standard Chartered has initiated coverage of SKY's token and set a price target of $0.325 for 2028, up fivefold from its current price.

The bank expects Sky to pass on more value to token holders by 2028 due to expanding USDS adoption and borrowing capacity.

Geoff Kendrick, the global head of digital assets research at Standard Chartered, likened Sky to a 'federal bank' because it issues stablecoins, creates a governance framework, and charges borrowers a wholesale interest rate.