Standard Chartered initiates ENA coverage with $2 target by end-2028
- —Standard Chartered initiated coverage on Ethena (ENA) for the first time
- —Price target set at $2 by the end of 2028
- —USDe called the fourth-largest stablecoin and second-largest yield-bearing one
- —Growth drivers: perpetuals, tokenization and the ENA buyback program
Why it matters: Coverage from a major bank could draw institutional attention to ENA and Ethena's stablecoin model.
Source: TokenPost