NEW: Standard Chartered forecasts a roughly 7x rise for $ENA to $2 by end-2028 on the growth of yield-bearing stablecoins.

What happened

Standard Chartered forecasts that the price of $ENA, the token linked to the Ethena project, will rise roughly seven times to $2 by the end of 2028, driven by growth in yield-bearing stablecoins. This is a bank price forecast, not a reported market move.

Confirmed

Global impact / market context

If a major bank publicly ties $ENA's value to yield-bearing stablecoins, which are stablecoins that pay holders income, investors may treat the token as a bet on that niche growing. A sevenfold call can pull attention and trading toward ENA.

Analyst inference

The forecast arrives as stablecoins are a big crypto sector, and yield-bearing versions are a newer part. A large bank putting a 2028 target on a single token can shape how investors position across stablecoin-related assets and competing tokens.

Analyst inference

What to watch

1. $ENA reaching $2 by end-2028 is Standard Chartered's forecast, not an outcome, so the actual price path over the next several years remains unproven and could differ sharply. Confirmed
2. Watch whether other banks or research firms publish their own $ENA or yield-bearing stablecoin forecasts, which would confirm or challenge Standard Chartered's view and shift investor expectations. Proposed
3. Track growth in yield-bearing stablecoin adoption, because the bank's $2 target depends on that growth; slower uptake would weaken the case for holding ENA. Analyst inference

Evidence

• x.com