Ethereum Maintains Largest Stablecoin Base Among Public Blockchains

Ethereum's mainnet continues to hold the largest stablecoin base among public blockchains, with approximately $153 billion in dollar-linked assets.

This figure represents about half of the total tracked stablecoin supply of around $311 billion, according to Artemis data.

The dominance of Ethereum is largely due to its deep USDT and USDC liquidity, which supports DeFi settlement, institutional custody flows, tokenized-asset activity, and large-value transfers.

USDT remains the largest stablecoin on Ethereum, while USDC continues to play a crucial role in regulated settlement, lending markets, decentralized exchanges, and institutional access.