According to BitJie, Ethereum's stablecoin supply reached $1.71 trillion in Q3 2025, reinforcing its leadership in the stablecoin market. The network's dominance is driven by institutional adoption, regulatory clarity, and technical upgrades. USDT, USDC, and Ethereum's native USDe account for 90% of the $290 billion stablecoin market. Ethereum's integration with DeFi protocols, such as Aave with $74 billion in TVL, has amplified stablecoin usage. The Dencun upgrade reduced average gas fees to $0.37, enabling Ethereum to handle $317 billion in stablecoin transfers during the quarter. Layer 2 solutions like Arbitrum and Optimism further enhance scalability. Institutional demand and U.S. regulatory clarity, including Ethereum ETF approval, have also contributed to the growth.
Ethereum Dominates $165B Stablecoin Surge in Q3 2025
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