[Data: Total Stablecoin Market Cap on Robinhood Chain Surpasses $200 Million] Odaily Planet Daily reports that Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated on the X platform that the total market cap of stablecoins on Robinhood Chain has surpassed $200 million. He noted that the key driver of this growth is Ethena. Data shows that Ethena currently holds $50 million USDG on Robinhood Chain, along with $50 million USDG in the Ethena × Steakhouse USDG vault, bringing the total assets under management to nearly $100 million, accounting for approximately 50% of the total USDG supply on Robinhood Chain.