Ethereum’s Stablecoin Supply Surges by $1 Billion Daily, Reaching $165 Billion

The Ethereum network has reached a new all-time high in stablecoin supply at $165 billion, adding $5 billion in just one week. This means the network has effectively been adding nearly $1 billion in stablecoins every day.

Since January 2024, the supply of stablecoins on Ethereum has more than doubled, according to Token Terminal. Data from Token Terminal reports a total supply of $165 billion, giving Ethereum a 57% share of the entire stablecoin market.

Growth of stablecoins on the Ethereum blockchain. Source: Token Terminal

Ethereum maintains a strong lead over competitors. Tron holds only 27%, and Solana trails with less than 4%.

Tokenized gold and real-world assets surge

Ethereum is also leading in tokenized gold, reaching a historic high of $2.4 billion, according to Token Terminal. The supply of tokenized gold has doubled since the start of 2025, and Ethereum dominates this space with a 77% market share, rising to 97% when including Polygon’s Layer 2 solution.

The supply of tokenized gold in the Ethereum network. Source: Token Terminal

The network also controls over 70% of tokenized US Treasury bonds, the second-largest asset class after private lending to move on-chain.

Corporate Accumulation Boosts Ethereum

The growth of real-world asset (RWA) tokenization has fueled Ethereum’s price, which climbed more than 200% since April, reaching just below $5,000 on August 24.

Corporations have been active buyers, adding 2 million ETH to reserves over the last 30 days. Companies such as Bitmine Immersion Tech (BMNR), SharpLink Gaming (SBET), and The Ether Machine (ETHM) now hold a total of 4.71 million ETH, worth over $20.2 billion.

Analyst Anthony Sassano explains the “neutrality” that is fundamental to Ethereum.

Credible neutrality is fundamental to Ethereum – it is deeply ingrained in the network itself as well as the ecosystem that surrounds it.

It has taken 10 painstaking years for Ethereum to achieve this and has required the entire ecosystem to rally around it and support it. From…

— sassal.eth/acc 🦇🔊 (@sassal0x) September 6, 2025

Big players drive institutional confidence

Global financial institutions are actively tokenizing their products on Ethereum. Sassano noted:

“Fidelity, the world’s third-largest asset manager, has launched a tokenized U.S. Treasury bond fund on Ethereum.”

The Fidelity Digital Interest Token (FDIT) launched on September 1 and currently has $203.6 million in total asset value, according to RWA.xyz.

Ethereum’s growing ecosystem of stablecoins, tokenized gold, and US Treasuries confirms its position as a foundation for traditional financial instruments. The $5 billion inflow of stablecoins in a single week is a clear sign of increasing institutional confidence in the network.