Ethereum Stablecoin Supply Reaches New Record High of $180 Billion

Data from Cointelegraph shows that the total supply of stablecoins issued on the Ethereum network has surged past $180 billion, marking a new all-time high. This milestone underscores Ethereum’s dominance as the leading blockchain for stablecoin activity, accounting for a significant majority of circulating supply across all networks. The increase in stablecoin supply is largely attributed to both growing demand for digital assets and a rebounding DeFi ecosystem following months of market recovery and yield optimization trends.