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

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...