Ethereum's tokenized assets market surges as stablecoin supply hits record $165B

Ethereum’s stablecoin supply hit a record $165 billion after growing by $5 billion in one week, proving strong demand for dollar-backed tokens and strengthening the network’s lead in tokenized ￰0￱ Terminal said Ethereum added about $1 billion in stablecoins daily last week, the fastest growth pace this ￰1￱ from ￰2￱ showed a slightly lower total of $158.5 billion, but both reports confirmed a new all-time high that gives Ethereum a 57% share of the stablecoin ￰3￱ supply sets new record Ethereum’s stablecoin supply has more than doubled since January 2024 and is now worth about 57% of the ￰4￱ comes second with 27% and Solana third with less than 4%.

Stablecoin supply on Ethereum surges.