Ethereum holds 54.1% of $300.3B stablecoin supply across 47 chains

Ethereum still leads stablecoin supply, but Tron handles most of the transfers and gained ground in Q3 Stablecoins now total $300.3 billion, spread across 47 blockchains. Ethereum holds 54.1% of that supply, and Tron holds 31.4%, according to figures shared on X. Those two chains together account for more than 85% of all stablecoin supply. The remaining 45 networks share what is left. The total is a milestone. Stablecoins are crypto tokens built to track a fiat currency, usually the US dollar, and they now form a market worth roughly $300 billion.

Source: Crypto Briefing