Ethereum Stablecoin Supply Tops $180 Billion to Hit Record High
Summary
- Ethereum network stablecoin supply was estimated at about $180 billion, up 150% from three years ago.
- Token Terminal said stablecoins will bring $850 billion in new capital to the Ethereum network by 2030.
- Nick Ruck said tokenization and institutional adoption support Ethereum's long-term bull market, but rival blockchains, regulatory barriers and macroeconomic volatility remain obstacles.
Forecast Trend Report by Period
Stablecoin supply on the Ethereum network has exceeded $180 billion, setting a record high.
Cointelegraph, citing data from blockchain analytics firm Token Terminal, reported on July 7 that stablecoin supply on Ethereum totaled about $180 billion as of that day. The figure is up 150% from three years ago and accounts for 60% of total stablecoin supply.
The outlook remains positive. Token Terminal projects that stablecoins will bring $850 billion of new capital to the Ethereum network by 2030. Standard Chartered said in a report late last year that more than $1 trillion could move from the traditional finance system into stablecoins by 2028.
Ethereum also leads the market in both stablecoins and real-world asset tokenization. Major financial institutions including BlackRock, JPMorgan and Amundi have launched tokenized funds on the Ethereum network, Cointelegraph reported.
Nick Ruck, a director at LVRG Research, said the trend supports Ethereum's long-term bull market, driven by asset tokenization and institutional adoption. He added that rival blockchains, regulatory barriers and macroeconomic volatility remain the main obstacles to further gains.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul