Here is what the page “Standard Chartered Forecasts Ethena’s USDe to Hit $40B, ENA Token to Reach $2 by 2028” contains. Standard Chartered, the British multinational bank, has issued a bullish forecast for Ethena’s synthetic dollar protocol, projecting its stablecoin USDe to reach a $40 billion market capitalization. The bank also expects the native ENA token to surge to $2 by the end of 2028, a roughly sevenfold increase from current levels. The report highlights Ethena’s rapid growth and its potential to become a major player in the decentralized finance (DeFi) stablecoin market.
Standard Chartered attributes the projected expansion to USDe’s scaling and an anticipated increase in token buybacks, which could reduce circulating supply and support price appreciation. This forecast matters because it signals growing institutional confidence in yield-bearing stablecoins, which offer returns from staking and derivatives strategies rather than traditional fiat backing. This listing links straight to the original page, where the content is available in full.