The total market capitalization of stablecoins has surpassed $312.8 billion, showing a gradual increase. In particular, the Stellar chain has experienced rapid growth of 144%, recording the highest growth rate among major chains. Tether and USD Coin maintained their top market share positions.

Ark Invest predicts that Ethena's synthetic dollar USDe could reach $30-40 billion in supply within the next 12-18 months. The growth of the tokenized equity market is expected to diversify USDe's revenue structure and drive supply expansion.

ARK Invest's Lorenzo Valente believes Ethena's USDe could surpass $20 billion, potentially reaching $30-40 billion in 18 months, driven by tokenized stocks and recovering basis trading. He highlighted Ethena's tested infrastructure and potential for increased demand via Ethena Pay.

Ethena's dollar-pegged stablecoin, USDe, saw its supply increase by over $700 million in September, making it the second-largest collateral asset on the Morpho lending platform. This marks the largest amount among dollar-denominated collateral assets.

At KBW 2026, Dragonfly's Tom Schmidt predicted that the expansion of tokenized real-world assets (RWAs) could drive the growth of synthetic dollars. He analyzed that the incorporation of traditional financial assets into the blockchain could broaden the foundation for synthetic dollar design. Ethena Labs' USDe was mentioned as an example of a synthetic dollar.

Standard Chartered has set a price target of $2 for Ethena (ENA) by the end of 2028. This projection is based on the expansion of USDE supply and ENA's buyback structure. Diversification of revenue streams and growth in the tokenized asset market are key conditions for achieving this price target.

Standard Chartered predicts that Ethena's stablecoin USDe will reach a supply of $40 billion by the end of 2028. The bank set a target price of $2 for its native token ENA, citing revenue stream diversification and ENA buybacks as growth drivers for USDe. They also analyzed that the expansion of the tokenized asset market would be a tailwind.

Standard Chartered forecasts Ethena's USDe supply to reach $40B by 2028 and initiates ENA coverage with a $2 target. The bank anticipates ENA outperforming BTC and ETH, driven by revenue diversification and ENA buybacks.

Standard Chartered (SC) forecasts that Ethena's stablecoin USDe supply will reach $40 billion by the end of 2028 and has set a target price of $2 for its native token ENA. SC expects ENA to outperform Bitcoin and Ethereum, citing the growth of the tokenized asset market and ENA's buyback program.

Standard Chartered forecasts Ethena's USDe stablecoin to reach $40B by 2028, initiating coverage on ENA with a $2 price target. The bank expects ENA to outperform BTC and ETH, driven by Ethena's diversified yield strategies and a buyback mechanism.

Standard Chartered has projected that Ethena (ENA) will reach $2 by the end of 2028. This analysis is based on the growth potential of perpetual futures, tokenization, and the stablecoin market, as well as Ethena's plans for issuing and buying back its USDe.

Binance has added support for trading 5 more tokenized securities linked to stocks. Additionally, a large wallet has been observed maintaining an ETH long position while newly opening a BTC short position. It is important to note that tokenized securities may have different rights and protection systems compared to their underlying stocks.

Arthur Hayes predicts that Robinhood's adoption of Ethereum as a security layer will initiate a new narrative for Ethereum, potentially reaching $5,000 within a year. He also discussed USDe and Uniswap, analyzing their respective future prospects.

Arthur Hayes highly praised Robinhood's choice of Ethereum as a security layer, predicting it will accelerate institutional adoption of Ethereum and contribute to reaching a target price of $5,000 within a year. He also positively evaluated Ethena's USDe and Uniswap's token buyback strategy.

Arthur Hayes predicts ETH could reach $5,000 due to Robinhood's adoption of Ethereum as a security layer. He also sees potential for Ethena's USDe to hit $1 and Uniswap tokens to rise.

Arthur Hayes predicts that Robinhood's choice of Ethereum as its security layer will initiate a new narrative for Ethereum, potentially driving its price up to $5,000. He also discussed Ethena's USDe and Uniswap, analyzing market outlook.

Arthur Hayes stated that Robinhood's choice of Ethereum as a security layer marks the beginning of a new narrative for Ethereum, and presented a target price of $5,000 within a year. He also positively evaluated Ethena's USDe and Ethena token price outlook, as well as Uniswap's token buyback strategy.

Ethena's USDe token incentives are set to reach zero by month-end, marking a significant reduction from previous levels. This move follows an 85% decrease in incentives since the initial 2024 airdrop.

Ethena will stop providing token incentives related to its stablecoin USDe starting at the end of this month. This move is expected to alleviate inflationary pressure from new token issuance. Incentives have decreased by 85% since the first airdrop in 2024.

Reports indicate that Ethena plans to cease USDe-related token incentives and token inflation starting at the end of this month. Specific details regarding the method and timing of the cessation require further confirmation.