Ripple was the leading contributor to stablecoin market growth over the past 30 days, increasing its market capitalization by $258.2 million. The company outpaced Open Standard, which recorded a $165.1 million increase, and Ethena, which ranked third with $78 million. Ethena briefly took the top spot over a 24-hour period last week before Ripple regained its dominant position, according to Token Terminal data. This growth occurred despite the persistent volatility of XRP, the token associated with Ripple.
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