Ethena (ENA) Token Price Outlook and Stablecoin Growth
USDE StableCoinX Inc
$14.33 -4.21%
View chart & analysis → - 1Ethena uses 95% of its net profit to buy and burn ENA tokens.
- 2Standard Chartered forecasts Ethena will reach $1.10 by the end of next year and rise to $2 by 2028.
- 3Currently, USDe is the world's third-largest stablecoin with a market capitalization of nearly $5 billion.
So what's the key point?
Ethena uses 95% of its profits to buy back and destroy its own tokens. Standard Chartered expects this token to reach $2 by 2028.
Source The Motley Fool +1 · View original ↗
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