$USDC Ethereum’s Role: Possibility of Reaching $2 Trillion in Stablecoin Market by 2030
Ethereum continues its dominance in the stablecoin sector, playing a key role in the $2 trillion market size targeted to be reached by 2030. The increasing interest of institutional players and the clearer regulatory framework reinforce Ethereum’s position as the basic infrastructure platform in the digital finance world.
The latest report published by COINOTAG underlines this role with the statement, “Ethereum is not just a blockchain; it is also becoming the cornerstone of stablecoin innovation.”
In light of these developments, it becomes important to explore how Ethereum’s rising influence in the stablecoin space can contribute to the industry’s 2030 goals.
The Power of Ethereum: Fueling Stablecoin Market Growth
In early 2018, when Ethereum surpassed the $1,400 level, the total market value of stablecoins was around $124,500. By May 2025, this figure reached $124.5 billion. This growth clearly demonstrates that Ethereum is a preferred platform for stablecoin issuance.
As of today, the total value of stablecoins in circulation on the Ethereum network has reached $132.4 billion. This data shows that the network is built on a strong foundation and deepening institutional interest. Tether (USDT), the market leader, has a significant share of 52% with a volume of $64.7 billion. It is closely followed by USD Coin (USDC) with a value of $37 billion.
New players such as Ethena’s USDe ($4.5 billion), Sky Dollar’s USDs ($3.8 billion) and MakerDAO’s DAI ($3.6 billion) are showing that stablecoin diversity is increasing.
Additionally, institutional products like PayPal’s PYUSD and BlackRock’s BUIDL token show that interest from larger financial institutions is growing significantly in this space. By the end of April alone, more than $5 billion worth of stablecoins had inflowed onto the Ethereum network, clearly demonstrating the rising demand in the market.
Corporate Participation and New Trends
As the adoption rate of stablecoins
