Ethereum Stablecoin Market Surges Past $165 Billion, Exceeding 57% Market Share

Ethereum’s stablecoin supply has surged past a remarkable $165 billion milestone, reaching an all-time high and further solidifying its dominance in the market. According to on-chain analytics from Token Terminal, Ethereum now boasts a whopping 57% share of global stablecoin supply. This impressive growth is primarily fueled by increased institutional involvement, which is enhancing blockchain credibility and driving activity within decentralized finance (DeFi) platforms.