Ethereum stablecoin supply hits $180B all-time high: Token Terminal

Ethereum could see $850 billion in “new flows” by 2030 if the trend continues, according to Token Terminal.

The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal.

Ethereum holds 60% of the stablecoin supply at $180 billion, which is up 150% over the past three years, the firm reported Tuesday.

The company projected that around $1.7 trillion is expected to come onchain across all networks over the next four years and that Ethereum could see $850 billion in “new flows” by 2030, if it grows 470% in that time. 

Read more