[Standard Chartered Bank Initiates Coverage on Sky, Predicts SKY Token Target Price of $0.325 by End of 2028] Standard Chartered Bank has released a report initiating coverage on the Sky platform, forecasting a target price of $0.325 for the SKY token by the end of 2028, representing an approximate fivefold increase from the cited price of $0.065 in the report. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, compared Sky to a federal bank due to its issuance of stablecoins, establishment of governance frameworks, and collection of wholesale interest rates. Sky primarily returns value to token holders through staking rewards. Sky is the third-largest stablecoin issuer and the largest issuer of yield-bearing stablecoins, with a total locked value of $4.5 billion in its yield-bearing token sUSDS, offering an annualized yield of 3.6%.