Sky (SKY) only 3.8 percent below its December 2024 record: the level that decides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Sky trades at $0.09669 and thus 3.8 percent below its record from December 2024, after a weekly gain of 25.8 percent. The USDS supply has reached $10 billion, the savings rate stands at 3.60 percent, and ESMA wants services around unauthorised stablecoins banned.Sky costs $0.09669 on Sunday morning, the equivalent of just under 8.6 cents. That leaves the token 3.8 percent short of its record of $0.100535 from December 2024. This is the week's real story: while bitcoin sits around a third below its peak, Sky is on the verge of beating its own. Over the week the token has gained 25.8 percent, and over the month 39.7 percent. No single announcement carries the rise. Behind it stands a series of figures from the protocol itself. The supply of its in-house stablecoin USDS has reached the $10 billion mark, the savings rate on it stands at 3.60 percent a year, and a listed asset manager placed $100 million of it in its own corporate treasury in September. At the same time the EU is wor...