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Robinhood Chain has hit another milestone, surpassing $200M in stablecoin market cap.
Look closer and the key catalyst is none other than Ethena, the leading asset manager in the space. They currently hold:
• $50M in USDG on Robinhood Chain
• $50M in the Ethena x Steakhouse USDG vault
In total, Ethena accounts for close to 50% of all USDG supply on Robinhood Chain.
Data from @EntropyAdvisors