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      Standard Chartered Begins Coverage of Ethena with $2 Price Target

      Standard Chartered has initiated coverage of Ethena, a decentralized finance (DeFi) platform, with a price target of $2 per token. The bank projects that Ethena could see a sevenfold increase in value by the end of 2028, driven primarily by its buyback program.

      The buyback program is set to activate once the supply of USDe, Ethena's stablecoin, reaches $7.5 billion. Currently, the supply of USDe stands at $4.9 billion, indicating potential growth as the platform expands its market presence. Standard Chartered's analysis highlights the strategic importance of this buyback mechanism in supporting the token's value over the coming years.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud