Ethereum Drives Stablecoin Growth
2025 saw significant growth in stablecoins on the Ethereum blockchain. Data shows that the stablecoin supply increased by about $50 billion, reaching over $180 billion by the end of the fourth quarter.
Surge in Issuer Revenue
With the expansion of stablecoin supply, issuer revenue also grew substantially. Especially in the fourth quarter, stablecoin issuers generated around $1.4 billion in income. These revenues mainly came from returns on reserve assets backing the stablecoins.
Ethereum's Dominance
Ethereum remains the preferred platform for most major stablecoin issuers, reinforcing its dominant position in the stablecoin ecosystem.