Ethereum Dominates Stablecoin Issuance with 87% Share

Ethereum has solidified its position as the preferred platform for stablecoin issuance due to its mature Layer 1 infrastructure, extensive developer ecosystem, and thriving DeFi environment.

As a result, mainstream stablecoins like USDT and USDC have primarily been deployed on Ethereum, with their combined supply share reaching an impressive 87%.

This concentration of stablecoin supply has led to increased liquidity and trading activity within the network, further reinforcing Ethereum's dominance in crypto payments and institutional entry.