Standard Chartered sees Ethena’s USDe reaching $40B, ENA hitting $2

Bullish-0.08%

30 Sep, 20:57

Source: Cointelegraph

AI Summary

Standard Chartered forecasts Ethena's synthetic dollar USDe to scale to $40 billion and its ENA token to surge sevenfold to $2 by late 2028, driven by protocol growth and increased token buybacks.

Standard Chartered sees Ethena’s USDe reaching $40B, ENA hitting $2

The bank also expects Ethena’s ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase.