Ethena’s USDe grabs 43% of Robinhood Chain stablecoins as capital parks

AI Summary Ethena’s USDe has quickly become a major source of dollar liquidity on Robinhood Chain, growing from about $17 million a month ago to roughly $253 million, or close to 43% of the chain’s stablecoin supply, according to The Block. The jump is notable because USDe is more than a digital dollar. It is a synthetic... fulltext: 326 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/ethenas-usde-grabs-43-of-robinhood-chain-stablecoins-as-capital-parks/ Source: CryptoPolitan