Ethereum Stablecoin Supply Surges Past $165 Billion, Driving DeFi Expansion

Ethereum’s stablecoin supply has experienced significant growth, exceeding $165 billion since January 2024, according to data from Token Terminal. This surge highlights Ethereum’s dominance in the on-chain dollar asset market and fuels its growing impact on decentralized finance (DeFi). 💰 📈

Ethereum’s stablecoin supply has seen a daily influx of nearly $1 billion since January 2024, showcasing its leading position within this sector. This growth is primarily driven by the Ethereum network’s robust infrastructure and its close ties with major stablecoin issuers like Tether Ltd., which continue to attract institutional interest.