Standard Chartered has initiated research coverage of Ethena.
They forecast potential USDe growth of ~8x in the next 2 years as the convergence of DeFi and TradFi accelerates.
Unclear why they are so bearish, but worth a read regardless:
Here’s a rough estimate of how I think ena could play out
Hold your spot. Many of us are in from lower
Buy any retest of .19-.2c if sidelined
True plumber mode happens in 2027
Be patient, channel your inner plumber and hodl