Standard Chartered Sees Ethena’s USDe Reaching $40B and ENA Hitting $2
Key Highlights: Standard Chartered expects Ethena’s $USDe supply to reach $40 billion as the stablecoin expands beyond its traditional crypto basis trade. Ethena’s fee switch directs 95% of net revenue toward $ENA buybacks after specified $USDe supply milestones are reached. The bank forecasts the tokenized-asset market will grow from about $350 billion to $4 trillion ...