Data: The total market value of stablecoins on the Robinhood Chain has surpassed 200 million USD

Tom Wan, the data head of Entropy Advisors and former analyst at 21.co, posted on the X platform that the total market capitalization of the Robinhood Chain stablecoin has surpassed 200 million dollars.

He stated that the key factor driving this growth is Ethena. Data shows that Ethena currently holds 50 million dollars in USDG on the Robinhood Chain, as well as 50 million dollars in USDG in the Ethena × Steakhouse USDG vault, with a total managed scale approaching 100 million dollars, accounting for about 50% of the total supply of USDG on the Robinhood Chain.