According to data from Token Terminal, stablecoin issuers made about $5 billion from Ethereum-based activity in 2025.
For stablecoin issuance and settlement, major issuers like Tether, Circle, and MakerDAO still rely significantly on Ethereum, with profits based on the quantity of supply in circulation on the network.
Ethereum handled about $8 trillion worth of stablecoin transfers in the last quarter of the year, highlighting its significance as a global settlement network. This function has been reinforced by increased institutional participation and network enhancements.
As acceptance spreads to tokenized real-world assets, DeFi, and payments, market observers anticipate a steady increase in stablecoin usage, with Ethereum remaining at the center of stablecoin infrastructure.
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