Crypto08 April, 20261 min read
Ethereum Stablecoin Supply Surpasses $180B, Dominates 60% of Market
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Ethereum stablecoin supply reached about $180 billion, an all-time high. Ethereum holds roughly 60% of the global stablecoin supply.
Record Stablecoin Growth
The onchain value of stablecoins on Ethereum reached a record high of $180 billion, representing 60% of the global stablecoin supply. This marks a 150% increase over the past three years. Transaction volumes on Ethereum are approaching levels seen on major payment networks like Visa.
Institutional Adoption
Ethereum has been the dominant network for stablecoins and tokenized real-world assets. Major financial institutions such as BlackRock, JPMorgan, and Amundi have launched tokenized funds on the network. Token Terminal projected that around $1.7 trillion is expected to come onchain across all networks over the next four years.
Market Outlook
Nick Ruck said the momentum strongly supports a sustained long-term bull cycle. Competition from rival chains, regulatory hurdles, and macroeconomic volatility remain key roadblocks. Ethereum led last week's crypto ETP outflows at $52.8 billion.