Ethereum Hits Record $165B Stablecoin Supply After $5B Weekly Surge

Ethereum

Ethereum cryptocurrency,

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  • Ethereum stablecoin supply reaches record $165B.
  • Tokenized gold and Treasurys hit all-time highs.
  • Institutional adoption, led by Fidelity, accelerates ETH demand.

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Ethereum continues to cement its position as the leading blockchain for digital assets, with the supply of stablecoins on the network reaching a new all-time high. Over the past week, around $5 billion in new stablecoins were added, pushing Ethereum’s total to $165 billion, according to Token Terminal. Competing data from RWA.xyz places the figure slightly lower, at $158.5 billion, but both confirm record highs.

Ethereum Dominates the Stablecoin Market

Stablecoins have long been a backbone of Ethereum’s ecosystem, and the latest surge reinforces the network’s dominance. With 57% of the stablecoin market share, Ethereum is far ahead of competitors. Tron follows with 27%, while Solana trails at under 4%. The stablecoin boom highlights Ethereum’s role as the preferred infrastructure for institutional and retail adoption alike.

Stablecoin supply on Ethereum surges. Source: Token Terminal 

Tokenized Gold Reaches All-Time High

It’s not just stablecoins gaining traction. Ethereum also leads in tokenized commodities, with $2.4 billion worth of tokenized gold now circulating onchain. That figure has doubled year-to-date and marks another record high. RWA.xyz reports Ethereum commands a 77% market share in tokenized commodities, which rises to 97% when including Polygon, its layer-2 scaling network.

Ethereum also dominates in tokenized U.S. Treasurys, which are now the second-largest asset class tokenized onchain after private credit.

Institutional Adoption Fuels ETH Growth

Ethereum’s growing role in real-world asset (RWA) tokenization has fueled significant price momentum. ETH has climbed over 200% since April, hitting an all-time high near $5,000 in late August. Institutional adoption is accelerating, with corporations acquiring nearly 4% of the total Ether supply in just five months.

Also Read: Vitalik Buterin Backs Codex: Ethereum L2 Set to Revolutionize Stablecoin Payments

Adding to the momentum, Fidelity, the world’s third-largest asset manager, recently launched a tokenized U.S. Treasurys fund on Ethereum. The Fidelity Digital Interest Token (FDIT) debuted on September 1 and already holds more than $200 million in assets, according to RWA.xyz.

Ethereum’s position as the leading network for stablecoins, tokenized gold, and U.S. Treasurys underscores its role as the backbone of RWA tokenization. As Ethereum educator Anthony Sassano notes, its “credible neutrality” makes it the most trusted platform for mass adoption, setting the stage for continued growth in onchain finance.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses