Standard Chartered projects SKY token to reach $0.325 by 2028

Standard Chartered (Standard Chartered) has initiated coverage on the SKY token from the decentralized finance platform Sky, setting a target price of $0.325 by the end of 2028. Geoff Kendrick, global head of digital assets research, compared Sky to a federal bank due to its stablecoin issuance and governance framework. Sky currently ranks as the third-largest stablecoin issuer behind Tether (Tether) and Circle (Circle), with its yield-bearing token sUSDS reaching $4.5 billion in total value locked.