Stablecoin Issuers Generate $5 Billion on Ethereum in 2025

Stablecoin Issuers Generate $5 Billion on Ethereum in 2025
Key Points:
  • Ethereum supports $5 billion revenue for stablecoin issuers in 2025.
  • The stablecoin supply on Ethereum surged by 43%.
  • Ethereum processed $8 trillion in stablecoin transfers in Q4 2025.

Stablecoin issuers generated approximately $5 billion in revenue from Ethereum-based stablecoins in 2025, according to data from Token Terminal.

The revenue underscores Ethereum’s role as a key stablecoin infrastructure, highlighting its dominance in the crypto finance sector.

Ethereum-based stablecoins helped issuers collect approximately $5 billion in revenue during 2025. This revenue stems mainly from Tether (USDT) and Circle (USDC), with Ethereum serving as the dominant platform for their stablecoin operations.

Tether and Circle, along with other stablecoin providers like MakerDAO, had a significant presence on the Ethereum blockchain. These issuers allocate revenue to Ethereum based on its circulating supply share across the network, as per Token Terminal data.

Ethereum’s Role in the Stablecoin Market

Ethereum’s impact as the main stablecoin settlement layer is profound. The network recorded $8 trillion in stablecoin transfers during Q4 2025, with the stablecoin issuance rising notably, supporting economic activities across various sectors.

Stablecoin issuers made ~$5 billion in revenue from their Ethereum-based stablecoins in 2025.

– Token Terminal Team, Analysts, Token Terminal.

The surge in stablecoin issuance highlights Ethereum’s continued role as an infrastructure hub for financial market activities. Regulatory developments and institutional buy-ins underline Ethereum’s strategic position in the crypto economy, particularly regarding stablecoins on the blockchain.

Market and Industry Insights

Interesting insights shared by user hosseeb

Market insights and historical data indicate potential growth in decentralized finance and real-world asset tokenization. Ethereum’s scalability improvements further support increased usage of stablecoins, underpinning its economic standing and expanding applications in global finance.

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