Data: Approximately 65% of the non-USD stablecoin supply is held in Ethereum.

2026-04-03 00:39:24

Mars Finance reports that, according to Dune data, Ethereum currently still holds about 65% of the non-USD stablecoin supply, down from about 90% at the beginning of 2023. Although other chains are catching up, Ethereum remains the default choice for stablecoin issuance. A Dune report says that although stablecoin distribution and activity mainly occur on other chains, Ethereum ranks fifth by the number of independent senders; however, its growth has been rapid. As of February 2026, the number of independent senders has grown from 2000 to 12000, representing a significant year-over-year increase.

ETH-1.01%

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