Standard Chartered just dropped coverage on $SKY with a $0.325 target by end of 2028 — that's a 5x from current $0.065.
Their digital assets head Geoff Kendrick called Sky (formerly MakerDAO) a "federal bank" — citing stablecoin issuance, governance structure, and wholesale lending rates.
Key alpha:
• Sky = 3rd largest stablecoin issuer (behind Tether/Circle)
• Largest issuer of yield-generating stablecoins
• Value flows to $SKY holders via staking rewards > buybacks
• Expected to track $ETH performance (SC targets $18k) while outpacing $BTC ($300k target)
TradFi banks are now pricing in DeFi blue chips. $SKY positioning as yield infrastructure play — not just governance token.
Their digital assets head Geoff Kendrick called Sky (formerly MakerDAO) a "federal bank" — citing stablecoin issuance, governance structure, and wholesale lending rates.
Key alpha:
• Sky = 3rd largest stablecoin issuer (behind Tether/Circle)
• Largest issuer of yield-generating stablecoins
• Value flows to $SKY holders via staking rewards > buybacks
• Expected to track $ETH performance (SC targets $18k) while outpacing $BTC ($300k target)
TradFi banks are now pricing in DeFi blue chips. $SKY positioning as yield infrastructure play — not just governance token.