🔥 Trending event · 8 sources

Standard Chartered sets $2 target for Ethena’s ENA token by 2028

First reported September 30, 2026 by CryptoBriefing · covered by 8 sources

In short

The latest analysis links Standard Chartered’s $2 ENA target to USDe reaching $40 billion and buybacks scaling with protocol revenue by 2028. The bank initiated coverage of Ethena’s token and forecasts roughly sevenfold growth from its current market price. Earlier details said buybacks would begin once USDe supply reaches $7.5 billion, compared with $4.9 billion at the time.

Ethena Standard Chartered USDe Bitcoin Ethereum Standard Chartered’s

Written by our news service from the 8 sources below, updated October 1, 2026.

Timeline

Sep 30, 09:37 UTC · CryptoBriefing
Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028 ↗
Sep 30, 12:00 UTC · The Block
Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028 ↗
Oct 1, 10:37 UTC · CryptoNews
The Ethena Crypto Buyback Math Puts the $2 ENA Target to the Test ↗

Tone of coverage

How the 6 sources covering this story frame each entity. One source, one vote.

Standard Chartered1 · 5 · 0

favorableTheNewsCrypto — “The leading global bank, Standard Chartered” ↗
neutralThe Block — “Standard Chartered forecasts ENA will reach $2 by the end of 2028” ↗
neutralCryptoSlate — “Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028” ↗
neutralCryptoBriefing — “Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028” ↗
neutralCointelegraph — “Standard Chartered sees Ethena’s USDe reaching $40B” ↗
neutralThe Defiant — “Standard Chartered forecasts a 7x gain by end-2028” ↗

Labels are assigned per article by our news service with ≥ 60% confidence and a supporting quote. How it works.

All coverage

Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028

Ethena's growth in tokenized assets and stablecoins could significantly impact DeFi and traditional finance by 2028, despite potential risks. The post Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028 appeared first on Crypto Briefing .

Standard Charteredneutral

Ethena Standard Chartered

Sep 30, 2026 · byCryptoBriefing

Can Ethena price reach $2 by 2028?

Standard Chartered has initiated coverage of Ethena’s ENA token with a $2 price target for the end of 2028, putting the bank’s first published valuation at roughly eight times the token’s current market price. Standard Chartered Global Research said on…

Ethena Standard Chartered

Sep 30, 2026 · byCrypto.news

Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028

Standard Chartered forecasts ENA will reach $2 by the end of 2028 as USDe scales eightfold and buybacks reshape the token's value.

Standard Charteredneutral

Ethena Standard Chartered USDe

Sep 30, 2026 · byThe Block

Standard Chartered Sets $2 Target for Ethena’s ENA After September Rally

The leading global bank, Standard Chartered has made a first research coverage of Ethena’s ENA token and set a $2 price target for the end of 2028, putting the bank’s forecast at roughly seven times ENA’s current market price. The report, published on September 30, focuses on Ethena’s position across

Standard Charteredfavorable

Ethena Standard Chartered

Sep 30, 2026 · byTheNewsCrypto

Standard Chartered Initiates ENA Coverage With $2 Target

Standard Chartered forecasts a 7x gain by end-2028 on the strength of Ethena's buyback program. The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.

Standard Charteredneutral

Ethena Standard Chartered USDe

Sep 30, 2026 · byThe Defiant

Standard Chartered sees Ethena’s USDe reaching $40B, ENA hitting $2

The bank also expects Ethena’s ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase.

Standard Charteredneutral

Ethena Standard Chartered USDe

Sep 30, 2026 · byCointelegraph

Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028

Ethena highlighted Standard Chartered research as current USDe supply remains below the first milestone for revenue-funded token purchases. The post Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028 appeared first on CryptoSlate .

Standard Charteredneutral

Bitcoin Ethena Ethereum

Sep 30, 2026 · byCryptoSlate

The Ethena Crypto Buyback Math Puts the $2 ENA Target to the Test

Standard Chartered’s ENA price target of $2 depends on USDe reaching $40 billion and buybacks scaling with protocol revenue by 2028. The post The Ethena Crypto Buyback Math Puts the $2 ENA Target to the Test appeared first on Cryptonews .

Ethena Standard Chartered Standard Chartered’s

Oct 1, 2026 · byCryptoNews