Standard Chartered sees Ethena’s USDe reaching $40B, ENA hitting $2
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Standard Chartered predicts Ethena’s USDe stablecoin will scale to a $40 billion market cap, while the ENA governance token is projected to surge roughly sevenfold, reaching $2 by the end of 2028 as token buybacks intensify; this growth could boost investor confidence in algorithmic stablecoins, spur broader DeFi adoption, and reinforce USDe’s competitive position in the crypto‑finance sector.
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.