The stablecoin supply on Ethereum has reached a record high of $166 billion, rising from $149.5 billion a month ago. This highlights the network’s importance as a core settlement infrastructure in the decentralized finance ecosystem.
Increase in Stablecoin Supply
The total stablecoin supply on Ethereum has reached $166 billion. The dominant stablecoin is USDT, holding $87.8 billion, followed by USDC with $48 billion.
Expert Opinions
Vincent Liu, CIO of Kronos Research, stated, “This record Ethereum stablecoin supply represents a shift from a speculative asset to the backbone of dollarization in the DeFi ecosystem. It also demonstrates that liquidity is now strong enough to absorb macroeconomic volatility.”
Market and DeFi Implications
Nick Ruck, Director of LVRG Research, emphasized that this record level signifies “a large increase in institutional liquidity and deepening confidence in Ethereum’s infrastructure.” This growth may trigger accelerated institutional adoption and increase DeFi activities.
The record level of stablecoin supply on Ethereum underscores the growing importance of this network in the DeFi ecosystem and reflects market participants' confidence in its future.
