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Data: Total Market Cap of Stablecoins on the Robinhood Chain Exceeds $200 Million
07/07/2026 20:44
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Svmuu News: Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, posted on X that the total market capitalization of stablecoins on the Robinhood Chain has surpassed $200 million. He noted that Ethena is the key driver behind this growth. Data shows that Ethena currently holds $50 million in USDG on the Robinhood Chain, as well as $50 million in USDG in the Ethena × Steakhouse USDG treasury, for a total under management of nearly $100 million—representing approximately 50% of the total USDG supply on the Robinhood Chain.
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