Standard Chartered Bank has initiated coverage of Sky, calling it "DeFi's federal bank,"

THE BLOCK: Standard Chartered Bank has initiated coverage of Sky, calling it "DeFi's federal bank," and expects its ethereum:0x56072c95faa701256059aa122697b133aded9279 token to rise fivefold to $0.325 by the end of 2028.StanChart expects growth in Sky's ethereum:0xdc035d45d973e3ec169d2276ddab16f1e407384f stablecoin and wider ecosystem to drive higher staking rewards and token buybacks for SKY holders. "The main risk to this view would be if yield-bearing stablecoin growth is slower than expected," the bank said.

Source: The Block