Update
Ripple Slips to Second in Stablecoin Market Growth
Ripple has dropped to the second position in the stablecoin market growth ranking, previously held by Ripple itself. Ethena has taken the top spot with a $337.4 million increase in market capitalization over the past 24 hours. Ripple's market growth increased by $39.6 million, but was outperformed by Ethena's strong performance. Other stablecoin issuers also saw increases, but their gains were smaller than Ethena's and Ripple's.