ENA
+2.0%Standard Chartered starts Ethena coverage and forecasts ENA at $2 by 2028
Image: Crypto.newsStandard Chartered has initiated research coverage of Ethena's ENA token and forecasts the token reaching $2 by the end of 2028. ENA traded at about $0.26 at press time. The bank cites Ethena's exposure to stablecoins, perpetual futures and tokenized assets. Ethena's USDe reached a $10 billion market capitalization faster than any other stablecoin. Standard Chartered forecasts USDe supply could reach $40 billion by 2028.
Key points
- Standard Chartered initiated coverage of Ethena's ENA token and forecasts $2 by the end of 2028.
- Ethena's USDe reached a $10 billion market capitalization faster than any other stablecoin, the bank said.
- The bank's outlook rests on Ethena's exposure to stablecoins, perpetual futures and tokenized assets.
- Ethena proposed directing 95% of net revenue from branded businesses toward recurring ENA buybacks.
Why it matters
Standard Chartered's coverage puts a large bank's research behind a protocol built around a synthetic dollar and yield-bearing stablecoins. ENA's outlook is tied to buybacks funded by Ethena revenue and to growth in tokenized assets.
What's unclear
The two reports give different percentage figures for how far $2 sits above ENA's price at the time, about 700% and about 669%.
Price context · ENA
At publication
$0.2614
Now
$0.2555
Change since
−2.23%
7 days · dashed line = publication
Sources · 4 publishers
Crypto.news
Tier 2
Can Ethena price reach $2 by 2028?
Unchained
Tier 1
Standard Chartered Forecasts Ethena’s Token Will Hit $2 by End of 2028 on Buybacks
The Defiant
Tier 1
Standard Chartered Initiates ENA Coverage With $2 Target
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
- 2 more publishers added to sources
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
