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Ethereum-based stablecoins top $180 billion, hold 60 percent market share

The on-chain value of stablecoins on the Ethereum network rose to a record $180 billion. Token Terminal estimated Ethereum accounts for 60 percent of total stablecoin supply, up 150 percent from three years ago. It projected $1.7 trillion could flow on-chain across networks over four years, with $850 billion potentially going to Ethereum by 2030 under a 470 percent expansion assumption. Other datasets put Ethereum’s stablecoin value at $168 billion, with 56 percent share, rising above 65 percent including layer-2 networks.