Standard Chartered Forecasts Strong Growth for Ethena’s USDe and ENA Token by 2028

Standard Chartered forecasts Ethena’s USDe stablecoin to hit $40 billion and ENA token to rise to $2 by 2028, signaling strong growth in crypto assets.

Standard Chartered has projected significant growth for Ethena’s USDe stablecoin and its native ENA token. According to CoinTelegraph, the bank expects USDe to reach a market cap of $40 billion by the end of 2028.

Alongside this, Standard Chartered anticipates the ENA token to increase roughly sevenfold in value, reaching $2 per token within the same timeframe. This forecast highlights considerable investor optimism around Ethena’s crypto assets.

For Japanese investors, this outlook underscores the growing influence of stablecoins and utility tokens in the evolving global crypto market, which could impact FX and equity markets as digital assets gain broader adoption.

#newsroom

By Sama Kane

Tokyo Overnight

Japan markets, decoded. Get the brief in your inbox.

No spam. Unsubscribe anytime.