Ethereum holds about 65% of the non-USD stablecoin supply, down 25 percentage points from the beginning of 2023

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2026-04-02 16:01:49

ETH-3,57%

Gate News message: On April 2, according to Dune data, Ethereum currently holds about 65% of the non-USD stablecoin supply, down 25 percentage points from roughly 90% at the beginning of 2023. Despite other blockchains playing catch-up, Ethereum remains the primary choice for stablecoin issuance. The Dune report notes that while stablecoin distribution and activity are largely concentrated on other chains, Ethereum ranks fifth by the number of independent senders, but its growth rate stands out. As of February 2026, the number of independent senders on Ethereum has grown from 2,000 to 12,000, representing a substantial year-over-year increase.

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