Robinhood Chain Stablecoin Market Cap Surges Past $200M
2026-07-08 08:44

Woofun AI data shows that the aggregate market capitalization of stablecoins deployed on the Robinhood Chain has exceeded $200 million. Ethena serves as a primary driver for this expansion, currently holding $50 million in USDG directly on the chain.

Additionally, the protocol manages another $50 million within the Ethena × Steakhouse USDG treasury. These combined assets total approximately $100 million in assets under management, constituting roughly 50% of the entire USDG supply circulating on the Robinhood Chain.

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Tags:
USDG
Tom Wan
Entropy Advisors
Ethena
Steakhouse
Robinhood
21.co
Robinhood Chain
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