Standard Chartered sees ENA at $2 and USDe supply at $40B by 2028
- —Standard Chartered sets a $2 ENA target for end-2028 versus $0.27 now
- —USDe supply is projected to grow eightfold to $40 billion by 2028
- —95% of Ethena's net revenue funds ENA buybacks once USDe targets are met
- —At $40B USDe, annual buybacks could equal 23% of ENA's market cap
Why it matters: A major bank's coverage sets a benchmark for the stablecoin sector and could draw institutional demand into ENA and USDe.
Source: CryptoHamster