{"id":16918,"date":"2026-09-30T18:31:19","date_gmt":"2026-09-30T18:31:19","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=16918"},"modified":"2026-09-30T18:31:22","modified_gmt":"2026-09-30T18:31:22","slug":"can-ethena-price-reach-2-by-2028","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/","title":{"rendered":"Can Ethena price reach $2 by 2028?"},"content":{"rendered":"\n

Ethena\u2019s ENA token has drawn fresh attention after Standard Chartered initiated coverage with a $2 price target for the end of 2028.<\/p>\n\n\n\n

With ENA trading near $0.25 on Sept. 30, the bank\u2019s target implies roughly 700% upside from current levels.<\/p>\n\n\n\n

The forecast is based on Ethena\u2019s exposure to three major crypto growth areas: stablecoins, perpetual futures and tokenized real-world assets.<\/p>\n\n\n\n

Standard Chartered also highlighted Ethena\u2019s planned ENA buyback program, which could connect the token more directly to revenue generated across the protocol\u2019s expanding business lines.<\/p>\n\n\n\n

Why Standard Chartered sees ENA reaching $2<\/h2>\n\n\n\n

Standard Chartered Global Research said Ethena sits at the intersection of several markets it expects to grow significantly over the next few years.<\/p>\n\n\n\n

The bank\u2019s investment case centers on USDe, Ethena\u2019s synthetic dollar, and the way its yield-generating strategy is expanding beyond crypto funding rates.<\/p>\n\n\n\n

Geoff Kendrick, Standard Chartered\u2019s global head of digital assets research, described Ethena as a scalable yield-bearing stablecoin model.<\/p>\n\n\n\n

The report argues that if USDe adoption continues growing while Ethena expands into institutional lending, tokenized equities and traditional credit markets, ENA could benefit from that broader ecosystem growth.<\/p>\n\n\n\n

USDe remains at the center of the Ethena story<\/h2>\n\n\n\n

USDe is a major part of Standard Chartered\u2019s bullish thesis.<\/p>\n\n\n\n

The synthetic dollar grew rapidly after launching in late 2023 and became one of the fastest stablecoins to reach a $10 billion market capitalization.<\/p>\n\n\n\n

Standard Chartered estimates yield-bearing stablecoins currently make up around 5% of the broader stablecoin market.<\/p>\n\n\n\n

The bank expects that percentage to increase as users look for dollar-linked assets that can also generate yield.<\/p>\n\n\n\n

Ethena originally generated much of USDe\u2019s returns through a crypto basis trade.<\/p>\n\n\n\n

Under this model, the protocol holds spot assets while taking short positions in perpetual futures to reduce directional price exposure.<\/p>\n\n\n\n

At times, that strategy generated annualized yields above 20%.<\/p>\n\n\n\n

Ethena is reducing its dependence on crypto funding rates<\/h2>\n\n\n\n

One of the biggest changes in Ethena\u2019s strategy has been its move into additional sources of yield.<\/p>\n\n\n\n

The protocol has expanded into institutional credit, tokenized equities and traditional credit products.<\/p>\n\n\n\n

This diversification could make USDe less dependent on crypto perpetual funding rates.<\/p>\n\n\n\n

That matters because funding rates can change significantly depending on market conditions.<\/p>\n\n\n\n

A more diversified backing strategy could potentially make Ethena\u2019s revenue sources more stable, although each new market introduces its own risks.<\/p>\n\n\n\n

Ethena and FalconX launched a $1 billion lending facility<\/h2>\n\n\n\n

Institutional lending is one of the clearest examples of Ethena moving beyond traditional crypto basis trades.<\/p>\n\n\n\n

Ethena and FalconX launched a $1 billion lending facility in August.<\/p>\n\n\n\n

The program allows assets backing USDe to support secured and overcollateralized loans for institutional borrowers.<\/p>\n\n\n\n

FalconX originates and services the loans through a special purpose vehicle.<\/p>\n\n\n\n

Qualified custodians hold collateral worth more than the outstanding loans.<\/p>\n\n\n\n

Earlier in July, institutional lending accounted for approximately $310 million, or 6.9%, of USDe backing.<\/p>\n\n\n\n

The facility gives Ethena another way to generate returns while expanding its exposure to institutional credit markets.<\/p>\n\n\n\n

Ethena is taking its basis trade into tokenized equities<\/h2>\n\n\n\n

Ethena has also expanded its basis strategy into tokenized U.S. stocks.<\/p>\n\n\n\n

The framework uses tokenized equities for spot exposure while equity perpetual futures provide the offsetting hedge.<\/p>\n\n\n\n

Binance bStocks are used for tokenized spot exposure, while equity perpetual contracts provide the short side of the trade.<\/p>\n\n\n\n

When the plan was announced, Binance had more than $2.9 billion in equity perpetual open interest.<\/p>\n\n\n\n

The equity basis had averaged approximately 3.56% annualized during the previous six months.<\/p>\n\n\n\n

Ethena Labs founder Guy Young described the move as one of the most significant expansions of USDe\u2019s funding mechanism since the project began.<\/p>\n\n\n\n

Tokenized assets could become a major growth driver<\/h2>\n\n\n\n

Standard Chartered\u2019s ENA forecast also depends heavily on the broader growth of tokenization.<\/p>\n\n\n\n

The bank expects real-world assets deployed on blockchains to grow from around $40 billion today to approximately $2 trillion by the end of 2028.<\/p>\n\n\n\n

That is the same timeframe as its $2 ENA target.<\/p>\n\n\n\n

If that forecast is even partially realized, Ethena could gain access to a much larger range of yield-generating assets.<\/p>\n\n\n\n

The protocol has already begun moving in that direction.<\/p>\n\n\n\n

In June, Ethena planned a $250 million allocation to a tokenized AAA-rated collateralized loan obligation fund offered through Securitize.<\/p>\n\n\n\n

The fund invests in U.S. dollar-denominated AAA CLO tranches.<\/p>\n\n\n\n

BNY serves as custodian and sub-adviser.<\/p>\n\n\n\n

ENA buybacks are central to the $2 thesis<\/h2>\n\n\n\n

Standard Chartered also pointed to changes in ENA\u2019s token economics.<\/p>\n\n\n\n

Ethena proposed in August that 95% of net revenue generated by its branded businesses be directed toward recurring ENA buybacks once USDe supply reaches predetermined levels.<\/p>\n\n\n\n

The first threshold is set at $7.5 billion of USDe supply.<\/p>\n\n\n\n

This is different from Ethena\u2019s earlier $260 million buyback program, which relied on a fixed pool of capital.<\/p>\n\n\n\n

The new structure would connect token purchases directly to recurring revenue generated by Ethena\u2019s businesses.<\/p>\n\n\n\n

If revenue grows over time, the buyback program could potentially increase demand for ENA.<\/p>\n\n\n\n

USDe supply will determine when revenue-based buybacks begin<\/h2>\n\n\n\n

The proposed buyback system will not activate automatically at current levels.<\/p>\n\n\n\n

USDe supply needs to reach the required thresholds.<\/p>\n\n\n\n

When the proposal was announced in August, USDe supply remained below $5 billion after previously peaking near $15 billion.<\/p>\n\n\n\n

That means growth in USDe adoption remains an important condition for the tokenomics thesis.<\/p>\n\n\n\n

If USDe fails to recover or expand, the revenue-based buyback mechanism may take longer to become meaningful.<\/p>\n\n\n\n

Ethena is also changing ENA\u2019s unlock structure<\/h2>\n\n\n\n

Ethena has made additional changes to reduce pressure from token unlocks.<\/p>\n\n\n\n

The Ethena Foundation purchased locked ENA from some large seed investors that had been selling tokens.<\/p>\n\n\n\n

The protocol also planned to accelerate the remaining unlocks for original investors.<\/p>\n\n\n\n

The changes were designed to bring monthly releases for those investors to an end sooner.<\/p>\n\n\n\n

Tokens allocated to the Ethena team remain under their existing vesting schedules.<\/p>\n\n\n\n

This could reduce long-term uncertainty around recurring investor unlocks, although supply dynamics will still remain important.<\/p>\n\n\n\n

CME reference rates could help institutional adoption<\/h2>\n\n\n\n

Institutional infrastructure around ENA has also expanded.<\/p>\n\n\n\n

CME Group introduced ENA reference rates in August covering London, New York and Asia-Pacific market closes.<\/p>\n\n\n\n

CF Benchmarks calculates the rates using transactions from eligible spot exchanges.<\/p>\n\n\n\n

The benchmarks are published every day, including weekends and holidays.<\/p>\n\n\n\n

They can be used for portfolio valuation, risk management and the development of financial products linked to ENA.<\/p>\n\n\n\n

This kind of infrastructure can make the token easier for institutional investors and financial companies to track and integrate.<\/p>\n\n\n\n

USDe backing is becoming more diversified<\/h2>\n\n\n\n

Ethena\u2019s strategy is no longer focused only on crypto funding rates.<\/p>\n\n\n\n

The FalconX lending facility added institutional credit.<\/p>\n\n\n\n

The tokenized equity strategy introduced exposure to stock-related basis trades.<\/p>\n\n\n\n

The planned CLO allocation added traditional credit exposure through tokenized assets.<\/p>\n\n\n\n

Together, these changes show that Ethena is attempting to build a broader yield-generating system around USDe.<\/p>\n\n\n\n

That diversification is one of the strongest parts of Standard Chartered\u2019s long-term case.<\/p>\n\n\n\n

However, it also introduces more complexity.<\/p>\n\n\n\n

Credit risk, counterparty risk, liquidity and tokenization infrastructure all become more important as Ethena expands beyond crypto-native markets.<\/p>\n\n\n\n

Ethena Pay adds another use case for USDe<\/h2>\n\n\n\n

Ethena has also been trying to make USDe useful beyond trading and yield strategies.<\/p>\n\n\n\n

The company launched the beta version of Ethena Pay in September.<\/p>\n\n\n\n

The service combines self-custodial USDe balances with payments and annual reward rates of up to 6%.<\/p>\n\n\n\n

The beta initially opened to 400 users in eligible markets.<\/p>\n\n\n\n

Standard membership is free, while higher membership levels require users to lock specified amounts of ENA or meet referral requirements.<\/p>\n\n\n\n

Ethena Pay Ltd. states that it is not a bank and that customer balances are not protected by FDIC insurance or another government-backed deposit scheme.<\/p>\n\n\n\n

ENA has already responded strongly to recent developments<\/h2>\n\n\n\n

ENA\u2019s market performance has improved alongside Ethena\u2019s recent expansion.<\/p>\n\n\n\n

The token gained more than 50% over the seven days through Sept. 26 as investors responded to developments around tokenized stocks and equity perpetuals.<\/p>\n\n\n\n

ENA traded around $0.2756 on Sept. 26 after reaching approximately $0.2807.<\/p>\n\n\n\n

At that point, the token was trading above its 20-day, 50-day, 100-day and 200-day moving averages.<\/p>\n\n\n\n

That move showed stronger market momentum, although ENA remained far below Standard Chartered\u2019s $2 target.<\/p>\n\n\n\n

What would ENA need to reach $2?<\/h2>\n\n\n\n

At a price near $0.25, reaching $2 would require an increase of approximately eight times.<\/p>\n\n\n\n

That means Standard Chartered\u2019s forecast depends on several important assumptions playing out successfully.<\/p>\n\n\n\n

USDe would likely need to regain strong supply growth.<\/p>\n\n\n\n

Ethena\u2019s institutional lending and tokenized-asset strategies would need to generate meaningful revenue.<\/p>\n\n\n\n

The revenue-linked ENA buyback program would need to become active and remain material.<\/p>\n\n\n\n

Broader stablecoin and tokenization markets would also need to grow substantially.<\/p>\n\n\n\n

Finally, ENA would need to maintain enough investor demand to absorb future token supply.<\/p>\n\n\n\n

What could prevent ENA from reaching $2?<\/h2>\n\n\n\n

The $2 target is a forecast, not a guaranteed outcome.<\/p>\n\n\n\n

Several risks could weaken the thesis.<\/p>\n\n\n\n

USDe growth could remain below the thresholds needed to support recurring buybacks.<\/p>\n\n\n\n

Crypto funding rates could decline, reducing returns from the original basis strategy.<\/p>\n\n\n\n

Institutional credit and tokenized-asset investments could introduce new counterparty or liquidity risks.<\/p>\n\n\n\n

Regulatory changes could also affect stablecoins, tokenized securities or yield-bearing products.<\/p>\n\n\n\n

ENA\u2019s own token supply and future unlocks could create additional selling pressure.<\/p>\n\n\n\n

A broader crypto market downturn would also make an eightfold price increase more difficult.<\/p>\n\n\n\n

Is Standard Chartered\u2019s $2 ENA target realistic?<\/h2>\n\n\n\n

The target is ambitious.<\/p>\n\n\n\n

At current prices, ENA would need to rise by roughly 700% to reach $2.<\/p>\n\n\n\n

Standard Chartered\u2019s thesis is not based on short-term technical momentum alone.<\/p>\n\n\n\n

It assumes that Ethena becomes a much larger platform operating across stablecoins, institutional credit, perpetual futures and tokenized real-world assets.<\/p>\n\n\n\n

The bank is effectively betting that revenue growth across those businesses will eventually translate into greater token demand through recurring ENA buybacks.<\/p>\n\n\n\n

Whether that happens will depend on actual adoption and revenue rather than the size of the addressable markets alone.<\/p>\n\n\n\n

What ENA investors should watch through 2028<\/h2>\n\n\n\n

Several metrics will be important in judging whether ENA remains on track toward Standard Chartered\u2019s target.<\/p>\n\n\n\n

USDe supply is one of the most important.<\/p>\n\n\n\n

Investors should watch whether it can recover toward the $7.5 billion threshold required for the first stage of revenue-linked buybacks.<\/p>\n\n\n\n

Ethena\u2019s recurring revenue and the size of actual ENA purchases will also matter.<\/p>\n\n\n\n

Growth in institutional lending, tokenized equity strategies and real-world asset allocations will show whether the protocol can successfully diversify away from crypto funding rates.<\/p>\n\n\n\n

ENA token supply should also be monitored as investor unlocks change.<\/p>\n\n\n\n

Finally, the size of the broader tokenized-asset and yield-bearing stablecoin markets will provide an important test of Standard Chartered\u2019s long-term assumptions.<\/p>\n\n\n\n

For now, the $2 forecast represents a bullish long-term scenario rather than a confirmed destination.<\/p>\n\n\n\n

Ethena has several growing business lines that could support ENA over time, but reaching Standard Chartered\u2019s target will require significant growth across USDe, tokenization and recurring protocol revenue.<\/p>\n\n\n\n

Disclosure:<\/strong> This article is for informational and educational purposes only and does not constitute investment advice.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethena\u2019s ENA token has drawn fresh attention after Standard Chartered initiated coverage with a $2 price target for the end of 2028. With ENA trading near $0.25 on Sept. 30, the bank\u2019s target implies roughly 700% upside from current levels. The forecast is based on Ethena\u2019s exposure to three major crypto growth areas: stablecoins, perpetual…<\/p>\n","protected":false},"author":3,"featured_media":16919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,1170,109],"class_list":["post-16918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-ethena","tag-tokenization"],"yoast_head":"\nCan Ethena price reach $2 by 2028? - Crypto News<\/title>\n<meta name=\"description\" content=\"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Ethena price reach $2 by 2028? - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-30T18:31:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-30T18:31:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Digital Vibe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Digital Vibe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/\"},\"author\":{\"name\":\"Digital Vibe\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\"},\"headline\":\"Can Ethena price reach $2 by 2028?\",\"datePublished\":\"2026-09-30T18:31:19+00:00\",\"dateModified\":\"2026-09-30T18:31:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/\"},\"wordCount\":1813,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/101-8.png\",\"keywords\":[\"crypto\",\"Ethena\",\"tokenization\"],\"articleSection\":[\"Crypto News\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/\",\"name\":\"Can Ethena price reach $2 by 2028? - Crypto News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/101-8.png\",\"datePublished\":\"2026-09-30T18:31:19+00:00\",\"dateModified\":\"2026-09-30T18:31:22+00:00\",\"description\":\"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/101-8.png\",\"contentUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/101-8.png\",\"width\":1080,\"height\":720,\"caption\":\"crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/can-ethena-price-reach-2-by-2028\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Can Ethena price reach $2 by 2028?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\",\"name\":\"Crypto News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptonewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\",\"name\":\"Crypto News\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Crypto-NEWS.png\",\"contentUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Crypto-NEWS.png\",\"width\":500,\"height\":500,\"caption\":\"Crypto News\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/crypto-news-desk\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\",\"name\":\"Digital Vibe\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"caption\":\"Digital Vibe\"},\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/author\\\/digital-vibe\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Can Ethena price reach $2 by 2028? - Crypto News","description":"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/","og_locale":"en_US","og_type":"article","og_title":"Can Ethena price reach $2 by 2028? - Crypto News","og_description":"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.","og_url":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/","og_site_name":"Crypto News","article_published_time":"2026-09-30T18:31:19+00:00","article_modified_time":"2026-09-30T18:31:22+00:00","og_image":[{"width":1080,"height":720,"url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png","type":"image\/png"}],"author":"Digital Vibe","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Digital Vibe","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#article","isPartOf":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/"},"author":{"name":"Digital Vibe","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/person\/56afc0b5a42e13762ccad410f131f96a"},"headline":"Can Ethena price reach $2 by 2028?","datePublished":"2026-09-30T18:31:19+00:00","dateModified":"2026-09-30T18:31:22+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/"},"wordCount":1813,"commentCount":0,"publisher":{"@id":"https:\/\/cryptonewsdesk.com\/#organization"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png","keywords":["crypto","Ethena","tokenization"],"articleSection":["Crypto News","Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/","url":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/","name":"Can Ethena price reach $2 by 2028? - Crypto News","isPartOf":{"@id":"https:\/\/cryptonewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#primaryimage"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png","datePublished":"2026-09-30T18:31:19+00:00","dateModified":"2026-09-30T18:31:22+00:00","description":"Standard Chartered sees ENA reaching $2 by 2028. Here\u2019s how USDe growth, tokenization, institutional lending and ENA buybacks could shape Ethena\u2019s price.","breadcrumb":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#primaryimage","url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png","contentUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/101-8.png","width":1080,"height":720,"caption":"crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/can-ethena-price-reach-2-by-2028\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Can Ethena price reach $2 by 2028?"}]},{"@type":"WebSite","@id":"https:\/\/cryptonewsdesk.com\/#website","url":"https:\/\/cryptonewsdesk.com\/","name":"Crypto News","description":"","publisher":{"@id":"https:\/\/cryptonewsdesk.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptonewsdesk.com\/#organization","name":"Crypto News","url":"https:\/\/cryptonewsdesk.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/04\/Crypto-NEWS.png","contentUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/04\/Crypto-NEWS.png","width":500,"height":500,"caption":"Crypto News"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/crypto-news-desk"]},{"@type":"Person","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/person\/56afc0b5a42e13762ccad410f131f96a","name":"Digital Vibe","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","caption":"Digital Vibe"},"url":"https:\/\/cryptonewsdesk.com\/index.php\/author\/digital-vibe\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=16918"}],"version-history":[{"count":1,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16918\/revisions"}],"predecessor-version":[{"id":16920,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16918\/revisions\/16920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/media\/16919"}],"wp:attachment":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=16918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=16918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=16918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}