Stablecoin Revenues on Ethereum Reach $5 Billion in 2025

In 2025, stablecoin issuers, including Tether, Circle, and SKY, generated approximately $5 billion in revenue on Ethereum, with supply exceeding $180 billion by Q4.

This surge underscores Ethereum’s dominance as a stablecoin platform, crucial for issuers’ revenue growth and market dynamics, impacting Ethereum’s role in the crypto ecosystem.

Ethereum’s 2025 Stablecoin Revenue Hits $5 Billion

In 2025, stablecoin issuers such as Tether, Circle, and SKY focused on Ethereum, the primary platform for stablecoin deployment. According to BlockBeats News, these issuers achieved a $5 billion total revenue by year-end, marking a significant milestone. The supply of stablecoins on Ethereum increased by nearly $50 billion, reaching over $180 billion. This was accompanied by issuers generating $1.4 billion revenue in the last quarter.

The growth of stablecoin supply played a pivotal role in the thriving market seen last year. Issuers benefited from returns on reserve assets, boosting revenue streams. Ethereum’s status as the dominant blockchain for stablecoin deployment remains unchallenged with a 70% market share including EVMs/L2s.

“The significant revenue generated by stablecoin issuers on Ethereum highlights the platform’s unmatched role in the blockchain ecosystem,” said a blockchain expert from Coincu Research.

Ethereum’s Market Dominance and Future Prospects

Did you know? Ethereum’s role as the leading platform for stablecoin issuance reached 70% market share in 2025, showcasing its enduring dominance and flexibility in adapting to evolving blockchain innovations.

Ethereum (ETH), a crucial component in this ecosystem, was last priced at $2,932.26 with a market cap of approximately $353.91 billion and an 11.84% dominance according to CoinMarketCap. Trading volume over 24 hours saw a decline, highlighting potential investor caution amid a reported 29.48% price decrease over 90 days.

The Coincu research team suggests that the integration of stablecoins into Ethereum’s ecosystem might encourage further blockchain innovation, influencing financial and regulatory landscapes. Insights indicate potential growth in cross-chain collaborations and financial product diversity, leveraging Ethereum’s extensive liquidity and utilization.