USDe Surpasses $320 Million in Just Eight Weeks on Robinhood Chain

Ethena's USDe stablecoin has experienced explosive growth on Robinhood Chain since its launch eight weeks ago. The asset now surpasses $320 million in supply, accounting for a substantial 42% of the chain's total stablecoin supply.

This makes USDe the largest external dollar-denominated asset on the chain and ranks it second only to USDG, the network's native dollar asset, according to data from Token Terminal. The figures were highlighted by @WuBlockchain on X.

The growth of USDe has drawn attention to the infrastructure and liquidity arrangements surrounding Robinhood Chain's launch, particularly the role of USDe within decentralized finance markets on the network.