Standard Chartered’s $2 Ethena ENA's target for 2028 requires USDe to surge from $4.9 billion to $40 billion.
- Standard Chartered projects Ethena's ENA token could reach $2 by 2028, a sevenfold increase, contingent on significant growth of its USDe stablecoin to $40 billion.
- This ambitious target relies on Ethena diversifying its yield sources beyond crypto derivatives and successfully integrating real-world assets, while also navigating the challenge of rebuilding USDe supply after a recent contraction.
- Key milestones include crossing the $7.5 billion fee-switch threshold and demonstrating sustained revenue generation to fund ENA token buybacks, which are crucial for the valuation model.
Topics: Asset types, Scalability, Integration with defi, Stablecoins digital cash, Institutional capital inflows, Rwa collateral lending
Tags: #ethena #ena #usde #standardchartered #tokenizedassets #yieldgeneration #stablecoin #buybacks #defi
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