TREE NEWS reports: Standard Chartered’s Geoff Kendrick forecasts the SKY token will rise five-fold to $0.325 by the end of 2028, calling the Sky protocol “DeFi’s federal bank.” The thesis is built on growth in USDS supply and the value the protocol passes to token holders.
Standard Chartered Forecasts SKY Token to 5X to $0.325 by 2028
The notable element here is less the target than the framing: a major bank's digital-asset research desk publicly benchmarking a DeFi protocol's token against its stablecoin issuance, rather than against speculative flows. That shifts the analytical lens toward protocol-level cash flows and supply growth as the value driver. Whether USDS supply expansion actually translates into token-holder value — and whether other sell-side desks adopt similar coverage — is the open question worth watching.
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