Ethereum holds 54.1% of $300.3B stablecoin supply across 47 chains
- —Total stablecoin supply stands at $300.3 billion across 47 chains
- —Ethereum holds 54.1%, Tron 31.4%, together over 85%
- —Q3 2026: Tron added ~$5B, Ethereum lost ~$4.9B
- —Tron processed about 73% of stablecoin transfer volume
Why it matters: Tron is capturing stablecoin flows and supply growth from Ethereum, while USDT and USDC control 85% of the market, concentrating issuer risk.
Source: Crypto Briefing