$ETH Stablecoin Issuer Revenue On Ethereum Skyrockets: Reaching $5 Billion In 2025

The Ethereum network continues to affirm its position as the core financial infrastructure of the Crypto market, becoming the source of massive revenue for stablecoin issuers over the past fiscal year.

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🔸 According to data from Token Terminal, stablecoin issuers generated approximately $5 billion in 2025 through deployment on Ethereum. This revenue largely stems from yields generated by reserve assets backing the stablecoin supply.

🔸 Despite competition from other chains, Ethereum remains the premier harbor as the stablecoin supply on this chain increased by approximately $50 billion in 2025, pushing the total scale to over $180 billion by Q4.

🔸 Supply expansion correlates directly with profits. In Q4 2025 alone, quarterly revenue for issuers on Ethereum reached an impressive $1.4 billion.

As Ethereum remains a gold mine for stablecoin issuers with supply exceeding $180 billion, will this revenue stream continue to explode in 2026, or will it be diluted by the strong rise of lowcost Layer 2 solutions?

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