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Ripple Loses Dominance in Stablecoin Market Cap Growth

Ripple steps down from the top one position in stablecoin market growth as Ethena takes over with $337.4 million in just 24 hours.

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Market cap
Price multiplied by circulating supply, from the market-data provider.
Stablecoin
A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.

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Original reporting

Caroline Amosun, U.Today

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