Ethena has overtaken Ripple as the largest contributor to stablecoin market-cap growth over the past 24 hours, adding $337.4 million, according to Token Terminal data. Ripple ranked first the previous day after gaining $34.7 million, but its latest increase of $39.6 million placed it second. Ethena's latest gain was about 8.5 times Ripple's. Other issuers also expanded their market capitalizations, led by USDD with $13.9 million, Paxos with $10.8 million, Ondo with $4.2 million, OpenStandard with $3.2 million and UnitedStables with $3 million.