The Ethereum network has reached a landmark milestone with stablecoins issued on its blockchain accumulating approximately $165 billion in reserves. This figure surpasses the foreign exchange reserves of nations like Singapore and India, indicating Ethereum’s significant ascent as a global digital reserve asset. Analysts attribute this rise to the increasing adoption of DeFi applications and growing institutional interest. However, despite this impressive growth, Ethereum’s price has fallen below $4,000, reflecting cautious market sentiment. Experts and investors are watching closely to see if Ethereum’s expanding role in the financial system can reignite price momentum.