Standard Chartered initiates research coverage of Ethena

Standard Chartered has initiated research coverage of Ethena, forecasting potential USDe growth of roughly 8x over the next two years as the convergence of DeFi and TradFi accelerates. Ethena shared the initiation on X, pointing to the report. The coverage adds a major traditional finance bank's view on Ethena's stablecoin trajectory amid its broader expansion into new chains and collateral strategies.