Standard Chartered Projects 600% Growth for Ethena (ENA) by 2028

Standard Chartered released a bullish report on Ethena (ENA), forecasting that the token price could rise over 600% to $2 by 2028, with the USDe stablecoin market cap reaching $40 billion. The growth is expected to be driven by the expansion of yield-bearing assets, including RWA, DeFi, and tokenized stocks, alongside a fee-switch mechanism that uses 95% of net revenue to buy back ENA tokens.