Crypto Briefing • October 9th 2026, 6:36 PM
Ethereum leads stablecoin market cap growth, adding $243M in a week
Key Summary
Ethereum's stablecoin supply rose by $243 million over the past week, accounting for 47-48% of the total on-chain stablecoin supply across major networks. This growth comes from DefiLlama data and does not appear to be triggered by a specific news event. The total stablecoin market cap has remained in a range between $300 billion and $306 billion.
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Ethereum Leads Stablecoin Market Cap Growth, Adding $243M in a Week
Stablecoin Supply Growth
Stablecoin supply across Ethereum, Arbitrum One, and Base rose by a combined $403.1 million over the past week, according to DefiLlama figures.Ethereum's Dominance
Ethereum accounted for the largest piece of this growth, at approximately $243 million.Layer-2 Networks
The data also shows that Arbitrum's stablecoin supply rose 2.08% over seven days, while Base posted a 0.86% increase over the same stretch.Market Cap
The total stablecoin market cap has remained in a range between $300 billion and $306 billion, with Ethereum holding about 47-48% of the total on-chain stablecoin supply across the major networks.Concentration Risk
With USDT holding roughly half of Ethereum's stablecoin supply, the network's dollar liquidity leans heavily on one issuer.Industry Trends
The overall stablecoin market cap staying in a tight range suggests the industry is consolidating rather than surging.#Ethereum#Stablecoins#Crypto#US#Defi