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The supply of stablecoins on Ethereum has risen to record levels
The supply of stablecoins on Ethereum reached a record 165 billion dollars following a weekly inflow of 5 billion dollars.
Approximately 5 billion dollars in new stablecoins were added to Ethereum over the past week, bringing the total supply of stablecoins on the network to an all-time high.
The supply of stablecoins on Ethereum has more than doubled since January 2024 and reached an all-time high of 165 billion dollars, according to Token Terminal's report on Sunday.
The figures vary slightly depending on the data provider, as RWA.xyz reports a total of 158.5 billion dollars in Ethereum-based stablecoins, which also represents an all-time high and gives the network a dominant market share of 57%.
