๐ USDE SURPASSES $320 MILLION ON THE ROBINHOOD CHAIN IN JUST 8 WEEKS
๐ Ethenaโs USDe has surpassed $320 million on Robinhood Chain in only 8 weeks since launch, and now accounts for roughly 42% of the total stablecoin supply on the network.
๐ USDe is currently the largest off-chain dollar-denominated asset on Robinhood Chain, second only to USDG from Robinhood itself. This growth rate suggests that demand for yield-bearing stablecoins is quite strong.
๐ An important factor comes from Robinhood Earn and Steakhouse Financialโs decision to choose Ethena as the primary issuer of collateralized assets. Approximately 62โ65% of the liquidity from the Steakhouse USDG Vault also flows into the USDe/USDG market on Morpho.
โ ๏ธ The noteworthy point is that USDe is not only increasing supply, but is also rapidly becoming a key liquidity layer of Robinhood Chain. If this trend continues, Ethena could increasingly expand its role within the on-chain financial ecosystem.
๐ HOT COINS TRADING HERE ๐
$MOVR
$HEMI
$PROM
๐ Ethenaโs USDe has surpassed $320 million on Robinhood Chain in only 8 weeks since launch, and now accounts for roughly 42% of the total stablecoin supply on the network.
๐ USDe is currently the largest off-chain dollar-denominated asset on Robinhood Chain, second only to USDG from Robinhood itself. This growth rate suggests that demand for yield-bearing stablecoins is quite strong.
๐ An important factor comes from Robinhood Earn and Steakhouse Financialโs decision to choose Ethena as the primary issuer of collateralized assets. Approximately 62โ65% of the liquidity from the Steakhouse USDG Vault also flows into the USDe/USDG market on Morpho.
โ ๏ธ The noteworthy point is that USDe is not only increasing supply, but is also rapidly becoming a key liquidity layer of Robinhood Chain. If this trend continues, Ethena could increasingly expand its role within the on-chain financial ecosystem.
๐ HOT COINS TRADING HERE ๐
$MOVR
$HEMI
$PROM
