The latest data from blockchain analytics firm Token Terminal reveals a significant milestone in the growth of stablecoins on the Ethereum network.
At an all-time high of $180 billion, the onchain value of stablecoins has more than doubled over the past three years, with Ethereum holding 60% of the stablecoin supply.
This substantial increase in demand is expected to drive further growth in the coming years. According to Token Terminal's projections, around $1.7 trillion is anticipated to come onchain across all networks over the next four years.