how the digital economy reached $240 Billion
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The impressive growth of the stablecoin market in recent years is inextricably linked to Ethereum, the blockchain platform that dominates this sector. Starting from a practically insignificant market value of 124,500 dollars in January 2018, the total capitalization of stablecoins on Ethereum exceeded 124.5 billion dollars by May 2025. This titanic growth underscores how Ethereum continues to be the predominant choice for stablecoin projects. Despite the price of ETH, the native cryptocurrency of Ethereum, having fluctuated in recent months, dropping from over 2,500 dollars to about 1,900 dollars at the time of analysis, the network shows robust signs of expansion in the stablecoin sector. The total stablecoins in circulation on the network have reached a record of 132.4 billion dollars, highlighting not only quantitative growth but also a strengthening of Ethereum’s on-chain foundations. The leaders of stablecoins on Ethereum “`html Among the stablecoins circulating on the Ethereum network, Tether (USDT) stands out for its dominant position, representing about 52% of the market share with a capitalization of 64.7 billion dollars. Closely following is USD Coin (USDC), with a market value around 37 billion dollars. Alongside these big names, new players are emerging such as Ethena’s USDe (4.5 billion), Sky Dollar’s USDs (3.8 billion) and MakerDAO’s DAI (3.6 billion). These latter ones highlight the vitality and diversification of the Ethereum ecosystem. “` Furthermore, the entry of new institutional players such as BlackRock with BUIDL and PayPal with the stablecoin PYUSD, indicates a growing interest from large traditional companies towards this emerging technology. This dynamic helps to strengthen Ethereum’s position as a reference infrastructure for decentralized digital finance. The expansion of stablecoins is not limited to Ethereum, but rather reflects a global trend that sees this segment of digital currencies rapidly approaching a total capitalization of 240 billion dollars. In just the…
Filed under: News - @ May 8, 2025 4:28 pm