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Data: In 2025, stablecoins on Ethereum generated approximately $5 billion in revenue, with the supply increasing by about $50 billion.
ChainCatcher message, Token Terminal releases data, in 2025, stablecoin issuers will generate approximately $5 billion in revenue by deploying stablecoins on Ethereum.
The total stablecoin supply on Ethereum will increase by about $50 billion throughout 2025, reaching a total of over $180 billion by the fourth quarter. Issuers’ revenue will also grow accordingly, reaching approximately $1.4 billion in quarterly revenue in the fourth quarter. Some of this revenue comes from the returns generated by reserve assets backing the stablecoin supply, with Ethereum consistently being the largest supply platform for most major stablecoin issuers.