Ethereum's neutrality drives stablecoins to soar $165 billion, and price jumps $5,000
Source: CoinWorld
Time: 2025-09-11 11:37:39
Ethereum's stablecoin supply reached a record $165 billion, an increase of $5 billion in a week and an average daily increase of $1 billion. Since January 2024, supply has more than doubled, consolidating Ethereum’s market dominance of 57%, far ahead of Tron’s 27% and Solana’s share of less than 4%. Tokenized assets on Ethereum, including $2.4 billion worth of gold and more than 70% tokenized U.S. Treasury bonds, highlight the adoption of institutional investors. Experts believe Ethereum’s “trusted neutrality” has attracted institutions like Fidelity, which launched $203.6 million in tokens. ETH prices have soared more than 200% since April, approaching $5,000 in August.