According to Wu Blockchain, data from Token Terminal shows that Ethena USDe surpassed $320 million in 8 weeks after launching on Robinhood Chain, now accounting for 42% of the stablecoin circulation on the chain. This makes it the largest external dollar asset on the network, second only to Robinhood Chain's native USDG. Analyst Mesh believes this growth is driven by the design of the infrastructure, Steakhouse Financial selecting Ethena as the primary collateral issuer for Robinhood Earn's launch, and the allocation of 62%-65% of Steakhouse USDG Vault's liquidity to the USDe/USDG Mprho market. Borrowers deposit USDe into this market because it offers the deepest collateral slot in the vault. https://(wublock123.com)/news/ethena-usde-launches-on-robinhood-chain-320m-in-8-weeks-42pct-stablecoin-share-67360