Ripple Loses Dominance in Stablecoin Market Cap Growth

Just about a day after Ripple emerged as the blockchain firm with the largest share of the stablecoin market capitalization growth, the firm has just dropped in rank. Latest market data has revealed that Ethena has now taken the top spot, currently sitting as the biggest contributor to stablecoin market capitalization growth over the past 24 hours. Latest data from Token Terminal shows that Ethena has added a massive $337.4 million to its total market cap within just 24 hours, positioning it as a leader in the stablecoin market cap growth. While this marks a notable shift from the ranking seen the previous day, when Ripple led the sector with a substantial increase of $34.7 million, Ripple has now slipped to the second position, ranking just behind Ethena in the…

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