Standard Chartered Bank Predicts ENA Will Reach $2 by the End of 2028

The Defiant reports that Standard Chartered Bank has initiated research coverage on Ethena and predicts its token ENA will reach $2 by 2028, representing approximately a 10x growth from its current price. Standard Chartered Bank stated that Ethena is currently the fourth-largest stablecoin issuer after Tether, Circle, and Sky, and the second-largest interest-bearing stablecoin issuer after Sky. Its USDe is the fastest stablecoin to reach a market capitalization of $10 billion.