Standard Chartered Forecasts ENA Price to Reach $2 by End of 2028

Standard Chartered has initiated research coverage on Ethena, projecting that its token ENA could reach $2 by the end of 2028, representing a potential 10-fold increase from current levels. The bank noted that Ethena is the fourth-largest stablecoin issuer behind Tether, Circle, and Sky, and the second-largest interest-bearing stablecoin issuer. Additionally, its USDe stablecoin is recognized as the fastest to reach a $10 billion market capitalization.