Ethereum, Stablecoin Supply Reaches All-Time High

Son Min

Summary

It reported that the Ethereum network's stablecoin supply has reached an all-time high.
It said that about $5 billion of new stablecoins were issued last week, bringing the supply to $165 billion.
It reported that Ethereum's stablecoin market share is about 60%%.

The supply of stablecoins on the Ethereum network reached an all-time high.

On the 8th (local time), Token Terminal said on X(formerly Twitter), "About 5 billion dollars of new stablecoins were issued on the Ethereum network last week," and "Ethereum-based stablecoin supply reached an all-time high of 165 billion dollars," it said.

Meanwhile, Ethereum's stablecoin market share is reported to be about 60%.

ETH