Ethereum Stablecoin Market Cap Hits Record $165 Billion

Ethereum’s stablecoin market cap has soared past $165 billion, a new record, according to data from Token Terminal. This significant growth reflects robust demand for on-chain liquidity and could impact Ether price movements. Despite this milestone, key Ethereum figures like Vitalik Buterin haven’t publicly commented on the development, as government authorities have yet to issue an official statement.