Ethereum’s on-chain stablecoin supply hits a record high of $166 billion, consolidating its DeFi settlement infrastructure position
Source: ChainCatcher
Time: 2025-09-15 14:11:02
According to ChainCatcher, the total on-chain stablecoin supply on Ethereum climbed to an all-time high of $166 billion, up from $149 billion a month ago, consolidating its position as a DeFi settlement infrastructure. Among them, USDT's supply on the Ethereum chain is US$87.8 billion and USDC is US$48 billion. "The all-time high of Ethereum stablecoin supply marks its transition from speculative assets to a backbone of dollarization in the DeFi ecosystem, which also shows that Ethereum's liquidity is now strong enough to absorb market volatility and support the market during a macro-economic downturn."