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Stablecoin issuers' Ethereum blockchain revenue surges: approximately $5.00 billion accumulated in 2025
Odaily
Jan 25, 2026
#DeFi
Token Terminal posted data on X: In 2025, stablecoin issuers generated approximately $5.00 billion in revenue by deploying stablecoins on Ethereum, with part of the income derived from returns on reserve assets backing the stablecoin supply. Ethereum has consistently been the largest supply channel for most major stablecoin issuers.
Throughout 2025, the stablecoin supply on Ethereum increased by about $50.00 billion, surpassing $180.00 billion in total size by Q4. Issuers' revenue grew accordingly, reaching approximately $1.40 billion in quarterly revenue in Q4.
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