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Ethena overtakes Ripple in stablecoin market cap growth with $337.4M surge in 24 hours

08 Nov 2026, 04:01 WIB
UToday
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Neutral
Ethena overtakes Ripple in stablecoin market cap growth with $337.4M surge in 24 hours

Ethena has surpassed Ripple as the leader in stablecoin market capitalization growth, adding $337.4 million in just 24 hours compared to Ripple's $39.6 million increase. This marks a significant shift in the market, with Ethena's growth exceeding Ripple's by about 8.5 times. Other stablecoins like USDD and Paxos also saw gains, but none matched Ethena's rapid rise. This change highlights shifting dynamics in the stablecoin sector and could influence investor focus going forward.

XRP (Ripple) is trading at Rp20.918 on Pluang, down 2.01% in the past day, with a market cap of Rp1.334,36 trillion. USDD shows a modest gain of 0.59%, priced at Rp17.514 with a market cap of Rp25,55 trillion. These figures provide a snapshot of stablecoin activity as of Nov 08, 2026 09:21 WIB.

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