Crypto Briefing • Appeared October 7th 2026 11:10 am
Standard Chartered's forecast for ENA highlights the growing influence of traditional finance in crypto, potentially boosting market credibility.
Our Summary:Standard Chartered has set a bold price target for Ethena's ENA token, predicting it will reach $1.10 by the end of 2027. The bank's forecast is based on its synthetic dollar strategy, USDe, which aims to generate yield while taking offsetting positions in perpetual futures. The target relies on USDe supply exceeding $7.5 billion, triggering a 95% buyback of ENA.
Crypto Briefing • Appeared October 6th 2026 4:21 pm
Ether.fi is launching its own USD stablecoin through Ethena Whitelabel, with Ethena managing reserves, minting, redemptions and compliance.
Our Summary:Ether.fi is launching its own US dollar stablecoin, ether.fi USD, using Ethena's Whitelabel platform. The stablecoin will be backed by Ethena's reserves and will be native to ether.fi's products, making existing stablecoin balances more valuable. The launch is closely tied to ether.fi Cash, the company's crypto payment card, which has processed nearly $1 billion in cumulative spending.
Yahoo Crypto Market • Appeared October 6th 2026 1:31 pm
Ethena will handle reserves, minting, redemptions and compliance for ether.fi USD, a token aimed at the more than $300 million in stablecoins already on ether.fi.
Our Summary:Ether.fi, a decentralized lending platform, is launching its own stablecoin, Ethena, which will be backed by reserves. The move aims to provide a stable store of value and a medium of exchange for Ether.fi users. Ethena will be pegged to the value of the US dollar, ensuring price stability and reducing volatility. This development is expected to enhance the overall user experience and increase adoption of the platform.