Ethereum-based stablecoin supply surpasses $180B

The supply of Ethereum-based stablecoins has surpassed $180 billion to reach an all-time high, according to data from Token Terminal. This figure represents a 150% increase over the past three years. Ethereum currently accounts for approximately 60% of the stablecoin market. Token Terminal estimates that up to $1.7 trillion could flow on-chain over the next four years, adding that even if Ethereum's market share declines, an additional $805 billion could be added by 2030.