Ethereum Stablecoin price has reached an all-time high of 180 billion dollars
According to blockchain analytics firm Token Terminal, the value of stablecoins on the Ethereum network has reached a record high of $180 billion.
Ethereum accounts for 60% of the $180 billion statscoin supply, a 150% increase over the past three years, the firm reported on Tuesday.
The company expects $1.7 trillion to come onchain in the next four years and if Ethereum grows 470% in that period, 2030 could see $850 billion in “new flows”.
Standard Chartered He predicted that by the end of 2025, more than $1 trillion would leave the bank and enter the stablecoin by 2028.
Ethereum has reached the record for the total supply of stable coins on all networks and has been the dominant network for stablecoins and tokenized real-world assets (RWAs) with major financial institutions such as BlackRock, JPMorgan and Amundi.
Momentum supports a bull cycle driven by tokenized assets
Real-world asset metrics provider RWA.xyz reported a slightly lower figure for Ethereum stablecoin value of $168 billion.
It also confirms that Ethereum is the industry leader with a market share of 56%. This increases to over 65% when EVM (Ethereum Virtual Machine) and layer-2 networks such as Arbitrum, ZKsync Era and Base are included.
Related: Stablecoin Supply Reaches $315B in Q1 As USDC Increases, USDT Decreases
Nick Ruck, director of research at LVRG, told Cointelegraph on Wednesday that the data highlighted Ethereum's dominance in stablecoins and onchain liquidity, “fueling strong positive sentiment and crypto's recent rally.”
This momentum strongly supports a sustainable long-term bull cycle driven by tokenized assets and institutional adoption, although competition from competing chains, unregulated barriers, and macro volatility remain key ways forward.
JPMorgan CEO touts tokenization
“A whole new set of competitors is based on blockchain,” JPMorgan CEO Jamie Dimon said in an annual shareholder letter released Tuesday.
A Wall Street bank launched its first tokenized money market fund (MONY) on Ethereum in December.
“The world's largest bank runs on Ethereum, and its CEO says they're still not moving fast enough,” Ethereum infrastructure startup Etherealize said on Tuesday.
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