Ethena overtook Ripple as the leading contributor to stablecoin market capitalization growth over the past 24 hours, according to data from Token Terminal. Ethena added $337.4 million to its market capitalization, compared with $39.6 million for Ripple, delivering a performance about 8.5 times greater. Ripple now ranks second, while other issuers also recorded increases, notably USDD with $13.9 million and Paxos with $10.8 million. Ondo, OpenStandard, and UnitedStables also grew by $4.2 million, $3.2 million, and $3 million, respectively.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
