Grayscale: Ethereum leads with $140 billion in stablecoins, key support at $2,206

Grayscale has reported that Ethereum currently dominates the stablecoin and tokenized asset landscape, with nearly $140 billion in stablecoins issued on its network, accounting for about half of the total market. The digital asset manager described Ethereum as a central infrastructure layer for decentralized finance, noting its broad adoption by developers and institutions. According to Grayscale, Ethereum’s position as a leading smart contract platform is underscored by the sheer volume of stablecoins circulating on its blockchain.

Source: CoinTurk News