Ethereum’s Stablecoin Surge Hits $162.3B, Cementing DeFi Dominance

Ethereum's stablecoin supply jumped to an all-time high of $162.3 billion, reflecting strong network activity and rising investor confidence in decentralized finance (DeFi). Up from $130 billion in July 2025, this milestone represents a 35% year-to-date rise and a doubling of supply since January 2024. Led by large stablecoins Tether (USDT) and Ethereum outpaces rivals Tron (27%) and Solana (<4%) with a commanding 58% share of the worldwide stablecoin market. Making up more than 90% of its stablecoin volume are USD Coin (USDC).

Increasing institutional adoption—especially—and large-scale minting activity—including $1 billion in USDT minted on Ethereum in late September 2025—fuel the growth. for USD, with close to $61 billion in supply. Strong security and developed infrastructure make Ethereum the favored choice for legally entities supported by regulatory clarity. With Ethereum's Total Value Locked (TVL) rising to $81 billion from $60 billion in July, this stablecoin growth fits general DeFi expansion. Decentralized Three months of trade volumes above $80 billion suggest solid liquidity and network usage.

With traders favoring stable assets, analysts see this stablecoin gathering as a "defensive accumulation" in the middle of market uncertainties like tariff issues and political unrest. With stablecoin expansion related to higher transaction volume and user activity, the surge stresses Ethereum's function as the main settlement level for digital finance. Ethereum's leadership in tokenized assets reinforces its position as the foundation of decentralized finance and institutional adoption as the worldwide stablecoin market approaches $314 billion