Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →bloomingbit
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
7
in the last 3 days
First reported
3 days ago
6 outlets since
Countries
6 other outlets reported this story in the last 3 days.
Standard Chartered projects that Ethena’s stablecoin USDe will expand eightfold from current levels to reach $40 billion by the end of 2028. Cointeleg
Standard Chartered forecast Ethena's USDe stablecoin supply will reach $40 billion by the end of 2028 and set a $2 target price for its ENA token. It said Ethena has diversified revenue sources beyond its previous basis trade as yields declined, and put the current blended yield at about 5.2 percent. It also cited…
Standard Chartered forecasts Ethena's ENA token at $2 by end-2028, partly on buybacks that Ethena's own rules hold back until USDe supply reaches $7.5 billion, from about $4.9 billion now.