Ethereum leads stablecoin supply growth with $243M weekly gain
- —Ethereum added roughly $243 million in stablecoin supply over the week
- —Arbitrum One grew 2.08% and Base 0.86% over the same period
- —Ethereum's stablecoin supply reached about $146.5 billion
- —USDT accounts for roughly 50% of Ethereum's stablecoin supply
Why it matters: Rising liquidity on Ethereum and its L2s supports DeFi activity, but heavy USDT concentration leaves the network exposed to a single issuer.
Source: Crypto Briefing