Robinhood Chain Stablecoin Market Surpasses $200M, Driven by Ethena Holdings

ENA-3.26%
USDG-0.01%
According to Tom Wan, data lead at Entropy Advisors and former analyst at 21.co, stablecoins on Robinhood Chain surpassed $200 million in total market value today. Ethena is the key driver of this growth, holding approximately $100 million USDG across Robinhood Chain and the Ethena x Steakhouse USDG vault, representing roughly 50% of total USDG supply on the chain.
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