I’ve always felt that for stablecoins to achieve mass adoption, the most important thing is for them to appear on platforms and products people are already familiar with. It looks like this process is speeding up. After Coinbase, Robinhood has also added USDe to its earning products. Last month, USDe just entered Coinbase’s high-yield vault, and now Robinhood’s first decentralized lending product has chosen USDe as its primary collateral asset. Coinbase has over 100 million users, primarily crypto-focused. Robinhood, on the other hand, has over 27 million users and is the go-to app in the U.S. for retail trading of stocks and crypto. One leans towards crypto-native users, while the other caters more to traditional finance and stock market users. But both have chosen USDe for their earning products. I think this shows that Ethena’s direction is becoming increasingly clear: USDe isn’t just a stablecoin—it’s also a foundational collateral asset that can be adopted by large-scale earning products. Overall, for stablecoins to succeed, I believe distribution channels are absolutely key. I took a closer look at @ethena’s June updates, and Robinhood is just one piece of the puzzle. BlackRock Aladdin, Coinbase, Janus Henderson, Centrifuge—they’re all following suit. Plus, partnerships with Securitize, Anchorage, Mercado Bitcoin, Avalanche, and more. Right now, there are trading and earning products available for regular users, and institutional and RWA (real-world asset) integrations are also in progress. At this rate, USDe might not just become a standard in the Ethena ecosystem—it could very well become the go-to collateral asset for more and more fintech companies building yield vaults. Just my personal take—this is not financial advice. DYOR.