Ethereum Maintains Dominance in Stablecoin Market with $132.4 Billion Supply

Ethereum has made significant progress in expanding its influence in the stablecoin market, currently boasting a total supply of $132.4 billion. This is the highest figure the platform has seen in almost three years, pointing to Ethereum’s crucial role in facilitating digital dollar transactions within the crypto landscape.

Over the course of the last 24 hours, Ethereum-based stablecoins witnessed an increase of $321 million. In the past week, this number surged to $1.4 billion, while over the span of the last month, it escalated by nearly $2.8 billion. These consistent escalations underscore the mounting demand for stablecoins on Ethereum, particularly with the crypto market regaining momentum in 2025.

The stablecoin market on a global scale has now surpassed a supply of $200 billion. Tether (USDT) stands at the forefront of this sector with a supply of $142 billion, followed closely by USD Coin (USDC) at $49 billion. Tron and Binance Smart Chain trail behind Ethereum, holding 31% and 3% of the market share respectively.

The Importance of Stablecoins cannot be underestimated in today’s digital economy. These digital assets are designed to maintain a stable value, often pegged to fiat currencies like the US dollar. Stablecoins are widely utilized for various purposes such as trading, cross-border value transfers, and access to decentralized finance (DeFi) platforms.

The appealing traits of stablecoins, such as reliability and speed, make them an attractive choice for users seeking a secure alternative to the volatile nature of cryptocurrencies. The stablecoin market continues to grow and evolve, with Ethereum solidifying its position as a key player in this sector.