Standard Chartered sees ENA rising to $2 by end-2028

Standard Chartered said Ethena’s ENA token could rise to $2 by the end of 2028. In a report, the bank said ENA sits at the intersection of perpetual futures, tokenization and stablecoins, positioning it to benefit from growth across those segments and from a newly introduced buyback program. It also said Ethena is currently the world’s fourth-largest stablecoin issuer after Tether, Circle and Sky, and that Ethena’s USDe was the fastest stablecoin to reach a $10 billion market capitalization.