Data: In 2025, stablecoins on Ethereum will generate approximately $5 billion in revenue, with a supply increase of about $50 billion

Token Terminal released data indicating that stablecoin issuers generated approximately $5 billion in revenue by deploying stablecoins on Ethereum in 2025.

The total supply of stablecoins on Ethereum increased by about $50 billion throughout 2025, exceeding $180 billion by the fourth quarter. The revenue for issuers also grew, reaching approximately $1.4 billion in quarterly revenue in the fourth quarter. Part of this revenue comes from the earnings generated by the reserve assets that support the stablecoin supply, with Ethereum consistently being the largest supply vehicle for most major stablecoin issuers.