Michael Kazley(@MichaelKazley):Standard Chartered just initiated coverage of $SKY. Sky is "DeFi's federal bank." It issues USDS, sets the rules, and lends wholesale to on-chain agents that have already borrowed 5.9bn. The bank's call is 5x by 2028, and it hinges on yield-bearing stablecoins taking share of a market SCB sees hitting $2tn. That's the thesis $SDEV was built on. Full report coverage, including the risks: https://t.co/0EvtgJiF8H Disclosure: I'm CEO of $SDEV, which holds $SKY. SCB's view, not investment advice.

2026.09.11 15:00

Standard Chartered just initiated coverage of $SKY. Sky is "DeFi's federal bank." It issues USDS, sets the rules, and lends wholesale to on-chain agents that have already borrowed 5.9bn. The bank's call is 5x by 2028, and it hinges on yield-bearing stablecoins taking share of a market SCB sees hitting $2tn. That's the thesis $SDEV was built on. Full report coverage, including the risks: Disclosure: I'm CEO of $SDEV, which holds $SKY. SCB's view, not investment advice.