Ethena’s USDe Tops $320 Million on Robinhood Chain

Ethena's USDe stablecoin has surpassed $320 million on Robinhood Chain within eight weeks of launch, accounting for 42% of the chain's stablecoin supply, according to Token Terminal data. USDe is now the network's largest external dollar asset, behind Robinhood Chain's own USDG. Growth was supported by Ethena's role as primary collateral issuer for Robinhood.